33.
| (1) Where any registered person has furnished a return in respect of any taxable period or has been assessed for tax in respect of that period, it shall not be lawful for the Assessor where an assessment -
| | (a) has not been made, to make an assessment; or | | |
| | (b) has been made, to make an make additional assessment, | | |
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| (2) Notwithstanding anything in subsection (1) where the Assessor is of opinion that a person has willfully or fraudulently failed to make a full and true disclosure of all the material facts necessary to determine the amount of tax payable by him for any taxable, period, it shall be lawful for the Assessor where an assessment -
| | (a) has not been made, to make an assessment at any time; or | | |
| | (b) has been made, to make an additional assessment at any time. | | |
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Sri Lanka Consolidated Acts