Time limit to making tax assessments.

The CIT can issue an assessment when:

• The taxpayer has failed to file tax returns
• The CIT believes that the taxpayer was under assessed hence issue additional assessment.
• Where the CIT discovers a fraud in tax returns filed by the taxpayer in earlier years.
• In case of discovery of fraud the CIT can issue an assessment regardless of how many years
• have lapsed since the fraudulent returns were filed.
• For any other type of assessment, the CIT can issue it before the lapse of 7 years from the year
  of income to which the assessment relates.