Commentary on Sections Structure of Chapters Overview Section 682: Assessments, adjustments and claims after the administration period
2602.This section deals with adjustments after the end of the administration period. It is based on section 700 of ICTA.
2603.Subsections (1) and (3) deals with adjustments where the person previously appeared to be chargeable to either a greater or lesser amount.
2604.Subsections (2) and (4) make provision for all necessary adjustments and repayments to be made (and where a person has been allowed too much relief, for tax to be charged). They also make provision for the person to be assessed and taxed (and where, for example, the beneficiary is a charity, for relief or additional relief to be allowed).