Section 129:

129. Director-General may make assessments (1) Where, in respect of a year of assessment, the Director-General— (a) is not satisfied with the return submitted by a person under section 112, 113, 116 or 119, as the case may be; or (b) has reason to believe that a person who has not submitted a return of income is a taxpayer, he may, according to the best of his judgment, make an assessment of the amount of chargeable income of, and income tax payable by, including any penalty under sections 109, 110, 111, 121, 122 and 122C and any interest under section 122D, that person for that year of assessment and give him notice of the assessment in writing. I5 – 81 [Issue 9] Income Tax Act (1A) Where an assessment is made under subsection (1), the amount of additional tax claimed, excluding any penalty under sections 109, 110, 111, 121, 122 and 122C and any interest under section 122D, shall carry a penalty not exceeding 50 per cent and such penalty shall be part of the additional tax claimed. (2) Where the Director-General has given notice in writing to any person of an assessment under subsection (1), that person shall pay the income tax within 28 days of the date of the notice of assessment. (3) — [S. 129 amended by s. 9 (w) of Act 9 of 1997 w.e.f. 1 July 1997; s. 14 (t) of Act 20 of 2002 w.e.f. 1 July 2002; s. 18 (zw) of Act 15 of 2006 w.e.f. 1 July 2007 in respect of the year of assessment commencing on 1 July 2007 and in respect of every subsequent year of assessment; s. 21 (t) of Act 14 of 2009 w.e.f. 30 July 2009; s. 9 (v) of Act 10 of 2010 w.e.f. 24 December 2010; s. 8 (zj) of Act 37 of 2011 w.e.f. 1 January 2012.]