143. Issue of assessments on banks and financial institutions

Where any bank or financial institution which is required to deduct income tax from the interest paid in any year of assessment to any person chargeable with income tax under this Act, fails to—

deduct the whole or any part of the income tax which it is required to deduct under this Chapter;

remit to the Commissioner-General the whole or any part of the income tax so deducted; or

furnish any declaration under section 140, an Assessor may at any time within three years from the end of that year of assessment, assess the amount of income tax or the additional amount of income tax which in the opinion of the Assessor such bank or financial institution should have deducted and paid to the Commissioner-General for such year of assessment, and shall by notice in writing, require such bank or financial institution to pay such amount forthwith together with such amount as may be due under section 145: