Section 25
List of companies assessed and notices of assessment
of I Ncome Tax (Petroleum) Act
ActIn forceProvision 29 of 51
Section 25
(1)
The Collector shall as soon as possible prepare lists of companies assessed to tax.
Income Tax (Petroleum)
B.L.R.O. 6/2022 33
(2)
Such lists (in this Part called “assessment lists”) shall contain the names and addresses of the companies assessed to tax, the amount of the chargeable profits of each company, the amount of the assessable tax, the amount of the chargeable tax payable by it, and such other particulars as may be prescribed.
(3)
Where complete copies of all notices of assessment and of all notices amending assessments are filed in the office of the Collector, they shall constitute the assessment lists for the purpose of this Act.