60.  Provisional assessment.-

Where no return of total income has been furnished by an assessee for any income year, the Deputy Commissioner may, by an order in writing made before any assessment is made under section 62, 63 or 65 assess provisionally the total income of the assessee and the tax payable by him on the basis of the assessment, if any, made under any of the said sections or under section 59 or section 59A for the latest preceding assessment year.

 

Where a concealed assets of any person is impounded by any department or agency of the Federal or Provincial Government, the Deputy Commissioner may, at any time, by an order in writing before making any assessment under section 62, 63 or 65, assess provisionally the total income of such person and the tax payable by him on the basis of the assessment:

Provided that proceedings under this section shall not be initiated without prior permission in writing of the Commissioner.

 

Explanation. - For the purpose of this section, "concealed asset' means any property or asset which, in the opinion of the Deputy Commissioner, was acquired from any income liable to tax.