Furnishing of return

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..... such manner and setting forth such particulars as may be prescribed, in respect of all taxable commodities transactions entered into during such financial year in that recognised association. (2) Where any assessee fails to furnish the return under sub-section (1) within the prescribed time, the Assessing Officer may issue a notice to such assessee and serve it upon him, requiring him to furni .....

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..... odities transactions entered into during a financial year in that association. Sub-clause (2) confers power on the Assessing Officer to issue notice requiring any assessee who has not furnished the return, to furnish such return within such time as may be specified in the notice. Sub-clause (3) provides for furnishing of revised return before the assessment is made, in case of discovery of any .....

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