7. Valuation of house and land in respect of person failing to furnish statement  and assessment of house and land tax : If any person obliged to furnish statement pursuant to Sub-section (1) or (3) of Section 4 fails to furnish, or cause to be furnished, such statements or furnishes or causes to be furnished false or incomplete statements the Tax Officer may, subject to Section 5 and 6, valuate the house and land of that person and assess the tax, based on justifiable presumption to the extent possible