Tax Book 2023

Returns and Assessments Chapter- 17

(d) Commissioner Inland Revenue (Appeals)

Q.37 Provisional assessment order is issued in respect of any ___

(a) concealed asset

(b) tax payer who fails to file income tax return in response to notice u/s 114

(c) error in return filed by the taxpayer

(d) both ‘a’ and ‘b’

Q.38 Concealed asset means any property or asset which is obtained____.

(a) unlawfully

(b) from income which is taxable in the opinion of Commissioner Inland Revenue

(c) from exempt income

(d) from foreign remittance

Q.39 The Commissioner Inland Revenue is empowered to further appeal before the Supreme Court
against the decision made by the __
(a) High court
(b) Commissioner Inland Revenue (Appeals)
(c) Appellate Tribunal Inland Revenue
(d) Chief Commissioner Inland Revenue

Q.40 While following the orders of the appellate authority, it is not necessary for the Commissioner Inland
Revenue to ask for re-filing or re-furnishing of any return, statement which___.
(a) has already been filed
(b) has not been filed
(c) Both ‘a’ or ‘c’
(d) None of the above

Q.41 The year in which the person has discontinued his business be treated as __.

(a) normal tax year

(b) separate tax year

(c) special tax year

(d) transitional tax year.

Q.42 Where a private company is unable to pay its tax liability or goes into liquidation, the tax liability shall
be recovered from __ of the company.
(a) directors
(b) employed directors
(c) employees
(d) both ‘a’ and ‘b’

Q.43 A director who has paid the tax of the company cannot recover it from the ____

(a) other directors

(b) company

(c) Commissioner Inland Revenue

(d) Both ‘a’ or ‘b’.