Tabs for guitar and bass are just one example of a deficient mode of notation, since they cannot provide all information necessary to play something.
If you want to forego all notation, however, understanding theory becomes even harder than with a deficient notation. For that, you'd have to solely rely on somebody's ear in order to explain roots, scales and afterwards more complex topics. The only other option is teaching visually, which ist somewhat possible with a guitar, and somewhat possible with a piano, but is not transferable to another instrument afterwards.