Income Tax Act, 1967.

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Objection by inspector to schedules.

423.—(1) The inspector may, within a reasonable time to be allowed by the Special Commissioners after examination by him of any schedule, object to the schedule or any part thereof, and in that case shall state in writing the cause of his objection, according to the best of his knowledge or information.

(2) In every such case he shall give notice in writing of his objection to the person chargeable in order that he may, if he thinks fit, appeal against it.

The notice shall be under cover and sealed, and addressed to the person chargeable.

(3) No assessment shall be confirmed or altered until any appeal against the objection has been heard and determined.