Finance Act, 1946
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PART III. Corporation Profits Tax. | ||
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Assessment of corporation profits tax in respect of accounting periods ending on or after 1st January 1941. |
24.—(1) The following provisions shall apply and have effect in respect of every accounting period ending on or after the 1st day of January, 1941, that is to say, an assessment to corporation profits tax may be made by the Revenue Commissioners at any time after the end of the accounting period or part of an accounting period in respect of the profits of which the assessment is made, and in the absence of a satisfactory return or other information on which to make an assessment the Revenue Commissioners may make an assessment according to the best of their judgment. | |
(2) Subsection (4) of section 56 of the Finance Act, 1920 , as amended by subsection (2) of section 35 of the Finance Act, 1941 (No, 14 of 1941), shall cease to have effect in respect of an accounting period ending on or after the 1st day of January, 1941. | ||
(3) In this section, reference to corporation profits tax shall be construed as including reference to excess corporation profits tax and reference to an assessment shall be construed as including reference to an additional assessment. |