Amendment status not verified — confirm the current text below against the official source.
(1) The Commissioner may, serveon any person in the prescribed manner, anotice informing him that an audit of the affairs of his business shall be conducted and in a case where an assessment had already been concluded under this Regulation, reassessment may be made or assessment already made may be confirmed. Exp1analion.- A notice may be served notwithstanding the fact that the person may already have been assessed under sections 3 1 or section 32 or section 33. (2)Anotice sewed under sub-section (1) may require the person on whom it is served, to appear on a date and place specified therein, which may be at his business premises or at a place specified in the notice, to either attend and produce or cause to be produced the books of account and all evidence on which the dealer reliesinsupport of his returns (including tax invoices, if any), or to produce such evidence as is specified in the notice. (3) The person on whom a notice is sewed under sub-section (I) shall provide all co- operation and reasonable assistance to the Commissioner as may be required to conduct the proceedings under this section at his business premises. (4) The Commissioner shall, after considering the return, the evidence furnished along with the returns, if any, the evidence acquired in the course of the audit, if any, or any information otherwise available to him, either- (a) confirm the assessment; or (b) serve a notice of the assessment or re-assessn~ent of the amount of tax, interest and penally, if any, pursuant to sections 32 and 33. (5) Any assessment pursuant to an audit of the affairs of the business of the person referred to in sub-section (I) shall be without prejudice to prosecution for any offence under this Regulation. Inspec(~on of S9. (1)All records, books of account, registers and other documents, maintained by a records dealer, transporter or operator of a warehouse shall, at all reasonable times, be open to inspection by the Commissioner. (2)TheCommissioner may, forthe proper administrationofthis Regulation and subject to such conditions as may be prescribed, require- (a) any dealer; or (6) any other person, including a banking company, post ofice, a person who transporfs goods or holds goodsin custody for delivery to, or, on behalf of, any dealer, who maintains or has in his possession any books of account, registers or documents relatingto the business ofa dealer,and, inthe caseof aperson which is an organisation, any officer thereof- (0 to produce before him such records, books of account, registers and other documents, (if) to submit such clarifications; and (lit) to prepare and furnish such additional information, relating to his affairs of business or to the activities ofany other person connected with the affairs of his business, as the Commissioner may deem necessary. (3) The Commissioner may require a person referred to in sub-section (2), t+ (a) prepare and provide any documents; and (b) verify the clarifications submitted to the Commissioner, -36- SERIES - I No. : 05 DATED 18~" AUGUST, 2005. in the manner specified by him. ( 4 The Commissioner may retain, remove, take copies or extracts, or cause copies or extracts to be made ofthe said records, books of account, registers and documents without fee by the person in whose custody the records, books of account, registers and documents are held,