(1) Where the owner of land or building has failed to furnish the return under section 7 and the Assessing Authority has obtained the necessary information under section 9 or 22,25 he shall serve a notice, along with valuation report, on the owner in respect of land or building specifying therein:- (a) the extent of the land or building; (b) the amount which, in the opinion of the Assessing Authority is the correct market value of the land or building, and direct him either to attend in person or by an authorised agent on a date and place to be specified in the notice or to produce or cause to be produced on that date any evidence on which the owner may rely. (2) After hearing such evidence, as the owner may produce and such other evidence as the Assessing Authority may require on any specified points, the Assessing Authority shall, by order in writing, assess the market value of the land or building or both, as the case may be, and determine the amount of tax payable in respect thereof. (3) Where the owner has failed to attend or to produce evidence in pursuance of the notice under sub-section (1), the Assessing Authority shall, on the basis of the information obtained by him under section 9, by order in writing, assess the market value of the land or building and determine the amount of tax payable in respect thereof.