| |
| (1)
| If
the person liable for the payment of any tax does not, within thirty days of the
service of the notice of demand under section 100 pay the sum due and if no appeal
is preferred against such tax, he shall be deemed to be in default. |
| (2)
| When
the person liable for the payment of any tax is deemed to be in default under
sub-section (1), such sum not exceeding twenty percent of the amount of the tax
as may be determined by the Chairperson, may be recovered from him by way of penalty,
in addition to the amount of the tax and the notice fee, payable under sub-section
(2) of section 100. | | (3) | The
amount due as penalty under sub-section (2) shall be recoverable as an arrear
of tax under this Act | |