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What recourse may be taken by the officer in case proper explanation is not furnished for the discrepancy detected in the return filed under section 45 of MGL?
Team SoOLEGAL | 01/01/1970

If the taxable person does not provide a satisfactory explanation within 30 days of being informed (extendable by the officer concerned) or does not take corrective action within a reasonable period after accepting the discrepancies, the Proper Officer may take recourse to any of the following provisions:

(a) Proceed to conduct audit under Section 49 of the Act;

(b) DirecttheconductofaspecialauditunderSection 50 which is to be conducted by a Chartered Accountant or a Cost Accountant nominated for this purpose by the Commissioner; or

(c) Undertake procedures of inspection, search and seizure under Section 60 of the Act; or

(d) Initiate proceeding for determination of tax under Section 51 of the Act.


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