31.
| (1)Where it appears to an Assessor that a person chargeable with tax has for any taxable period paid as tax on amount less than the proper amount of the tax payable by the him for that taxable period, the Assessor may, at any time, assess such person at the additional amount at which, according to the judgement of such Assessor, tax ought to have been paid by such person. The Assessor shall give such person notice of the assessment. |
|
| (2)Where an assessment is made under subsection(1)in respect of any person for any taxable period, the amount so assessed shall be deemed to be tax in default for that taxable period and accordingly such person ought to have paid the tax for that taxable period be liable to the penalty in respect of such amount. |
|
|
Sri Lanka Consolidated Acts