C1Part 6Revenue Functions
Annotations:
Modifications etc. (not altering text)
General functions
I1319 Source of income
1
2
An assessment made by F5SOCA under section 29 of the Taxes Management Act 1970 (c. 9) (assessment where loss of tax discovered) in respect of income charged to tax under F1Chapter 8 of Part 5 of the Income Tax (Trading and Other Income) Act 2005 must not be reduced or quashed only because it does not specify (to any extent) the source of the income.
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Subsections (2) and (3) apply in respect of years of assessment whenever occurring.
Pt. 6: power to repeal conferred (1.4.2008) by Serious Crime Act 2007 (c. 27), s. 94(1), Sch. 8 para. 102; S.I. 2008/755, art. 2(1)(a) (with arts. 3-14)