Assessment of penalty

33 Assessment of penalty |Rule: 36 Form: 24A Where the Commissioner has reason to believe that a liability to pay a penalty under this Act has arisen, the Commissioner, after recording the reason in writing, shall make and serve on the person a notice of assessment of the penalty that is due under this Act. The amount of any penalty assessed under this section is due and payable on the date on which the notice of assessment is served by the Commissioner. Any assessment made under this section shall be without prejudice to prosecution for any offence under this Act. Explanation.- A person may, if he disagrees with the notice of assessment, file an objection under section 74 of this Act.