93.
| (1) Every person who is in the opinion of an Assessor chargeable with income tax, wealth tax or gifts tax shall be assessed by him as soon as may be after the expiration of the time specified in the notice requiring him to furnish a return of income, wealth or gifts under section 82: |
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| (2) Where a person has furnished a return of income, wealth or gifts, the Assessor may either-
| | (a) accept the return and make an assessment accordingly; or | | |
| | (b) if he does not accept the return, estimate the amount of the assessable income, taxable wealth or taxable gifts of such person and assess him accordingly. | | |
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| (3) Where a person has not furnished a return of income, wealth or gifts and the Assessor is of the opinion that such person is chargeable with income tax, wealth tax or gifts tax, he may estimate the amount of the assessable income, taxable wealth or taxable gifts of such person and assess him accordingly, but such assessment shall not affect the liability of such person to a penalty by reason of his failure or neglect to deliver a return. |
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Sri Lanka Consolidated Acts