Tax to be realised by deduction

(1) [Verbatim content from supplied page 9] (2) [Verbatim content from supplied page 9] (1) If any person or employer liable to pay tax under this Act fails to pay the tax due within the time specified, he shall, in addition to the tax, be liable to pay a penalty as may be prescribed. (2) The assessing authority may, after giving the person or employer an opportunity of being heard, impose such penalty as he deems fit, subject to the provisions of sub-section (1). (1) If the prescribed authority is satisfied that the books of account and other documents maintained by an assessee in the normal course of bis business are not adequate for verification of the returns submitted by the employer under this Act, il shall be lawful for the prescribed authority to direct the employer to maintain the books of account or other documents in such manner as be may in writing direct, and thereupon the assessee shall maintain such books or other documents accordingly. (2) Where an assessee willfully fails to maintain the books of accounts or other documents as directed under sub-section (I), the prescribed authority may, after giving him a reasonable opportunity of being heard, impose a penalty not exceeding rupees fifty for each day of such default. (1) If the prescribed authority is satisfied that the books of account and other documents maintained by an assessee in the normal course of his business are not adequate for verification of the returns submitted by the employer under this Act, it shall be lawful for the prescribed authority to direct the employer to maintain the books of account or other documents in such manner as he may in writing direct, and thereupon the assessee shall maintain such books or other documents accordingly. (2) Where an assessee willfully fails to maintain the books of accounts or other documents as directed under sub-section (1), the prescribed authority may, after giving him a reasonable opportunity of being heard, impose a penalty not exceeding rupees fifty for each day of such default.