Q 264. 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?


Ans. 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…

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