46 USC 53312: Assessment and collection of deficiency tax
Text contains those laws in effect on August 23, 2024
From Title 46-SHIPPINGSubtitle V-Merchant MarinePart C-Financial Assistance ProgramsCHAPTER 533-CONSTRUCTION RESERVE FUNDS
Jump To: Source Credit
§53312. Assessment and collection of deficiency tax
Notwithstanding any other provision of law, a deficiency in tax for a taxable year resulting from the inclusion of an amount in gross income as provided by section 53311 of this title, and the amount to be treated as a deficiency under section 53311 instead of as an adjustment for the declared value excess profits tax, may be assessed or a civil action may be brought to collect the deficiency without assessment, at any time. Interest on a deficiency or amount to be treated as a deficiency does not begin until the date the deposited gain or part of the deposited gain in question is required to be included in gross income under section 51111.
(
Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
---|---|---|
53312 | 46 App.:1161(j). | June 29, 1936, ch. 858, title V, §511(j), as added Oct. 10, 1940, ch. 849, |