INCOME TAX ASSESSMENT ACT 1936 - SECT 167 Default assessment
INCOME TAX ASSESSMENT ACT 1936 - SECT 167
Default assessment(a) any person makes default in furnishing a return; or
(b) the Commissioner is not satisfied with the return furnished by any person; or
(c) the Commissioner has reason to believe that any person who has not furnished a return has derived taxable income;
the Commissioner may make an assessment of the amount upon which in his or her
judgment income tax ought to be levied, and that amount shall be the
taxable income of that person for the purpose of section 166.