Income Tax Act 1947 · 2020 Revised Edition · Part 17 · Assessments and Objections
72. Comptroller to make assessments
Feedback & supportThe Comptroller must proceed to assess every person chargeable with tax as soon as may be after the expiry of the time allowed to such person for the delivery of the return provided for in section 62 or, if the person is exempted from the liability to deliver a return under section 62(2), after the expiry of the time that would have been allowed to the person for the delivery of the return if the person had not been so exempted.
Comptroller
“Comptroller” means the Comptroller of Income Tax appointed under section 3(1) and includes, for all purposes of this Act except the exercise of the powers conferred upon the Comptroller by sections 34F(9), 37L(7), 37M(5), 67(1)(a), 95, 96, 96A and 101, a Deputy Comptroller or an Assistant Comptroller so appointed;
Where a person has delivered a return, the Comptroller may —
accept the return and make an assessment accordingly; or
refuse to accept the return and, to the best of the Comptroller’s judgment, determine the amount of the chargeable income of the person and make an assessment accordingly.
Where a person has not delivered a return and the Comptroller is of the opinion that such person is liable to pay tax, the Comptroller may, according to the best of the Comptroller’s judgment, determine the amount of the chargeable income of such person and make an assessment accordingly, but such assessment does not affect any liability otherwise incurred by such person by reason of the person’s failure or neglect to deliver a return.