82A. Assessment under simplified procedure.-

¹[82A. Assessment under simplified procedure.- 

Where, an assessee, other than a  public  limited  company  as  defined  in  the  Companies  Act,  1913  (VII  of 1913) or  কোম্পানী আইন, 1994 (1994 সনের ১৮ নং আইন), who has previously been assessed for any assessment year ended on or before the thirtieth day of June,1995,  files  a  return  showing  income  for  the  income  year  relevant  to  the assessment  year  commencing  on  or  after  the  first  day  of  July,  1995  and ending on or before the thirtieth day of June, 1997 and the income shown in such  return  is  higher  by  not  less  than  ten  per  cent.  over  the  last  assessed income and has also increased by at least a further sum of ten per cent. for each  preceeding  assessment  year  in  respect  of  which  the  assessment  is pending,  the  return  filed  by  the  assessee  shall  be  deemed  to  be  correct  and complete,  and  the  Deputy  Commissioner  of  Taxes  shall  assess  the  total income  of  the  assessee  on  the  basis  of  such  return  and  determine  the  tax payable  by  him ²[on  the  basis  of  such  assessment,  and  communicate  the assessment order to the assessee within thirty days next following],

provided-

(a) he has, at the  time of filing such return, made payment of the tax on the basis  of  the  return,  or  taka  twelve  hundred,  whichever  is  higher,  and  the assessment on the basis of such return shall not result in any refund; ³[and]

⁴[(b) the net accretion of his wealth, if he  is required to submit statement of assets and liabilities under ⁵[clause (c) of sub-section (3) of section 75], along with his disclosed family expenses  and  taxes  paid  during  the  year,  shall  not  exceed  the  income disclosed for the year and the income or receipt, if any, exempted from tax] ⁶[;and
(c)  such  return  contains  twelve-digit  Taxpayer's  Identification  Number (TIN).]

.................................................................

¹ Ins. by F.A. 1995
² Subs. for the words "on the basis of such assessment" by F.A. 1996

³ Omitted by F.A. 2014
⁴ Subs. by F.A. 1996

⁵Subs. by F.A. 1996
⁶ Ins. by F.A. 2014

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