Amendment status not verified — confirm the current text below against the official source.
Assessment of dealers likely to transfer assets to avoid tax: (1) Noiwithstanding anyihing contained in thie Act cf i appernrs to the Conimissioner during any current return period that any dealer is likely to change, sell, transi, disp se of or otherwise part with any of his assels with a vec tu AVI payment of any lability 10 under the provisions of this Act the purchases of taxable goods af such desler for the period from the cxpiry of the previous return Period to the date when the Commussioner commences procemiings cunder this section shail be chargeable to tax in that period. (2) For the purpose of making an assessment under subsection (1), the Commissioner may serve a notice upon such dealer requiring him to furnish, within such period as may be specified in the notice, a return in the manner and form in which a return wider section 7 is furnished.