Amendment status not verified — confirm the current text below against the official source.
(1) The penalties shall be leviable under this Regulation notwithstanding that no imposition of assessment of tax under this Regulation has been made. pennitis noMhimding (2) Any penalty imposed u ~ d e r this Regulation shall be without prejudice to any ofassessment. prosecution for any offence under this Chapter or any other law for the time being in force.