Readjustment of the tax where returns subsequently discovered incorrect

(1) If at any time within five years after payment has been made of any tax under this Act it is proved by survey or in any legal proceedings that returns the return on which the tax was assessed was incorrect, and that the amount of the tax paid in accordance therewith was in excess of or less than the amount which ought to have been paid, then, notwithstanding that the return was bona fide made and was approved under the foregoing provisions of this Act, the Commissioner of Land Tax shall– (a) apply any sum in excess of the amount of tax which ought to have been paid in the payment in whole or in part of any other tax due on the land to which the said return related and repay the owner any surplus of the excess which remains after such application; (b) repay to the owner the whole sum in excess of the amount of tax which ought to have been paid, if no tax payable under this Act is then due on the land to which the said return related; or (c) receive from the owner of the land to which the said return related any sum of money short paid by him in any case where the amount of tax paid was less than the amount which ought to have been paid on the said land. (2) Any amount of tax short paid shall be recoverable from the owner in the same manner as the tax could have been originally recovered. 19