16. Replacement of section 30 of the principal enactment

Section 30 of the principal enactment is hereby repealed and the following section substituted therefor

:-

“Power of

30. Where the Assessor is of opinion that a

Assessorto registered person has made a taxable supply —

determine the open.market value.

for a value less than the open market value of such supply or for no value ;

the transaction in respect of which taxable supply has been made, is between two associated persons, in order to avoid payment of tax, he shall determine the open market value of such supply on which tax shall be charged, having regard to the circumstance of the transaction and the time of supply.”.