Amendment status not verified — confirm the current text below against the official source.
The prescribed authority may, of its own motion or otherwise, call Power of for and examine the record of any proceeding for the assessment of any tax tvisim of or imposition of any penalty under this Act where either no appeal hasp scribed been preferred or any appeal, having been preferred, has been disposed of, authority. for the purpose of satisfying itself as to the correctness, legality or propriety of such assessment or imposition of penalty and may pass such order thereon as it thinks fit : Provided that no assessment of tax or imposition of penalty shall be varied under this section so as to prejudicially affect any person unless such person— (a) has, within a period of two years from the date of such assessment or imposition of -penalty, received a notice to show cause why such assessment or penalty shall not be varied, and 31 The Taxes on Entry of Goods into Calcutta Metropolitan Area Act, 1972. [West Ben. Act (Section s 30-32.) Amendment of assess- ment etc. (b) has been given a reasonable opportunity of making a representation and, if he so desires, of being heard, in his defence.