Penalties

Penalties.--(l) If any person on king served with such notice as may be prescribed fails to pay within the period specified in the notice any amount due from him on account of the tax, the Assessing Authority may recover from him as penalty a sum not exceeding one-fourth of qe amount of tax so un-paid in addition to the amount of tax payable by him.

1. (2) No such penalty shall be imposed unless the Assessing Authority is Gtisfied that the person liable to pay the tax has wilfully failed tu pay the same and he has been heard in regard to the imposition of the penalty, or given a reasonable opportunity of being heard in that behalf.