mine the amount of the chargeable income of such person and
assess him accordingly, but such assessment shall not affect
any liability otherwise incurred by such person by reason of
his failure or neglect to deliver a return.
 (4) In making the assessment the Comptroller shall
 assess the income from each source and shall allow each de-
 duction and exemption to the nearest dollar.

 59. (1) Where the Comptroller has reasonable grounds
 to believe that the main purpose or one of the main purposes
 for which any transaction was or transactions were effected
 (whether before or after the commencement of this Ordin-
 ance) was the avoidance or reduction of liability to tax for
 any year, he may, if he determines it to be just and reason-
 able, direct that such adjustments shall be made as respects
 liability to tax as he may deem appropriate so as to counteract
 the avoidance or reduction of liability to tax which would
 otherwise be effected by the transaction or transactions:
 Provided that this subsection shall not apply to any
 transaction the main purpose or one of the main purposes for
 which was to effect the succession by a resident company, in-
 corporated for that purpose, to any business carried on by an
 individual or partnership.
 (2) Without prejudice to the generality of the powers
-conferred by subsection (1) of this section the powers con-
ferred thereby extend-
 (a) to the charging with tax of persons who, but for
 the adjustments, would not be chargeable with
 any tax, or would not be chargeable to the same
 extent, and
 (b) to the charging of a greater amount of tax than
 would be chargeable but for the adjustments.


 60. For the purpose of facilitating the assessment of the
income of persons residing in the United Kingdom, the Ad-
ministrator may appoint an agent in the United Kingdom who
shall make enquiries on behalf of the Comptroller in respect
of any such person as may apply to be dealt with through an
agent, and shall ascertain and report to the Comptroller the
amount of the chargeable income of such person in accordance
with this Ordinance, and shall forward to the Comptroller the
accounts and computation upon which his report is based.
The Comptroller, on receipt of the report, shall enter the
amount reported in the assessment list:


Appointment of
agent in the
United King-
dom.


Transactions
designed to
avoid liability
to tax.


Income Tax.


1967.


No. 21.