Section - 27 - Cancellation of assessment when cause is shown
27. Cancellation of assessment when cause is shown.—Where an assessee * * within one month from the service of a notice of demand issued as hereinafter provided, satisfies the Income-tax Officer that he was prevented by sufficient cause from making the return required by section 22, or that he did not receive the notice issued under sub-section (4) of section 22, or sub-section (2) of section 23, or that he had not a reasonable opportunity to comply, or was prevented by sufficient cause from complying, with the terms of the last-mentioned notices, the Income-tax Officer shall cancel the assessment and proceed to make a fresh assessment in accordance with the provisions of section 23.
"Or in the case of a company, the principal officer thereof" omitted by s. 33, Indian I.T. (Amendment) Act, 1939.
[As amended up to date]
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