The following provisions apply to any person ('the taxpayer') as regards a year of assessment1 if, as regards the immediately preceding year:
(1) he is assessed to income tax2 in any amount;
(2) that amount ('the assessed amount') exceeds the amount of any income tax which has been deducted at source3;
(3) the amount of the excess ('the relevant amount') is not less than such amount as may be prescribed4;
(4) the proportion which the relevant amount bears to the assessed amount is not less than such proportion as may be so prescribed
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