Amendment status not verified — confirm the current text below against the official source.
(1) If the assessing authority is satisfied that a return furnished under section 7 is correct and complete or satisfactory evidence of assessment under the Indian fncome- tax Act is produced he shall, by an order in writing, Act XJ of assess the person and determine the tax payable by him on 1922. the basis of such return or on the basis of such as!ess- , ment as the case may be. (2) If the assessing authority is not satisfied that a return furnished under section 7 is correct and c9mplete, he shall serve on the person concerned a notice requiring him, on the date, and at the hour and place to be specified there- in, either to attend in person or to produce or cause to be produced evidence in support of the return. (3) On the days specified in the notice under sub- sec- tion (2) or as soon afterward as may be, the assessing autho- rity, after hearing such evidence as may be produced and such other evidence as he may require, shall, by an order in writing, assess the person and determine the tax payable by him. '( 4) If any person fails to make a return· as required by section 7 or having made the return fails to comply with the terms of the notice issued under sub-section (2), the assess- ing authority shall, by an order in writing, assess to the best of his judgment the person and determine the tax payable by him. [Provided that before making assessments, the assessing authority may allow the person such further time as he thinks fit to make the return or comply with the terms of the notice issued under sub-section (2).]1 ~ [8A. If for any reason any person has not been assessed or has been under-assessed for any financial year the assessing authority may, notwithstanding anything contained in sub-section (2) of section 7, at any time within three years of the end of that year, serve on the person liable to pay the tax, a notice containing all or any of the requirements which may be included in a notice under sub- section (2) of section 7 and may proceed to assess or re- assess him and the provisions of this Act shall, so far as may be, apply accordingly as if the notice were a notice issued under that sub-section : 1 Inserted by Assam Act XIII of 1952. 2 Inserted by Assam Act XIII of 1952. Asseasment of Escaped Tax. Provided that the tax shall be charged at the rate at which he would have been eharged if the person would not have escaped assessment or full assessment, as the case may be. Rectification