Penalty for assessment issued for failure to file a return

Tax200387 sections5 chapters

Chapter IV PROCEDURE AND ADMINISTRATION OF TAX

Statutory text

(1) Where an assessment is made under the provisions of sub-section
(1) of section 21 of the Act for the failure to file a return, a penalty of fifty percent of the assessed amount shall be imposed.
(2) Where an assessment has been made under sub-section
(1) of section 21, and the dealer subsequently furnishes a return for the period to which the assessment relates, the authority prescribed may withdraw the assessment but the dealer shall be liable to pay penalty under sub-section
(3) of section 67 and interest as applicable.

Study data processing for this section.

PDF: pending for this language.