Section 18
Penalty for failure to comply with notice.
About this Act
An Act to provide for the levy of a tax on expenditure incurred in certain hotels or restaurants and for matters connected therewith or incidental thereto.
If the 1
[Assessing Officer] in the course of any
proceedings under this Act is satisfied that any person has failed to comply with a notice under
sub-section (1) of section 9, he may direct that such person shall pay, by way of penalty, in addition to
any tax payable by him, a sum which shall not be less than ten per cent. but which shall not exceed fifty
per cent. of the amount of the tax, if any, which would have been avoided if the chargeable expenditure
returned by such person had been accepted as the correct chargeable expenditure.
Notes
1. Subs. by Act 26 of 1988, s. 72, for "Income-tax Officer" (w.e.f. 1-4-1988).