Income Tax Assessment Act 1936

PART IV - RETURNS AND ASSESSMENTS  

SECTION 166  

166   ASSESSMENT  

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From the returns, and from any other information in the Commissioner ' s possession, or from any one or more of these sources, the Commissioner must make an assessment of:

(a) the amount of the taxable income (or that there is no taxable income) of any taxpayer; and

(b) the amount of the tax payable thereon (or that no tax is payable); and

(c) the total of the taxpayer ' s tax offset refunds (or that the taxpayer can get no such refunds).

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History

S 166 substituted by No 88 of 2013, s 3 and Sch 5 item 14, applicable to assessments made on or after 1 July 2013 for the 2013-14 income year or later income years. S 166 formerly read:

SECTION 166 ASSESSMENT  
166
From the returns, and from any other information in the Commissioner's possession, or from any one or more of these sources, the Commissioner shall make an assessment of the amount of the taxable income (or that there is no taxable income) of any taxpayer, and of the tax payable thereon (or that no tax is payable).

S 166 amended by No 41 of 2011, s 3 and Sch 5 Pt 27, by removing gender-specific language, effective 27 June 2011.

S 166 amended by No 161 of 2005.

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