Amendment status not verified — confirm the current text below against the official source.
(1) On receipt of a return under section 5, the assessing authority shall assess the luxury tax payable in respect of the period to which the return relates, and if the amount has not already been paid as aforesaid, it shall cause a notice to be served upon the proprietor concerned requiring him to pay the amount assessed within ten days of the service of the notice (2) If the proprietor fails to submit in due time the return referred to in section 5, the assessing authority shall, after giving him a reasonable opportunity of being heard, assess to the best of its judgment, the amount of luxury tax payable and the provisions of sub-section (1) in respect of notice shall apply as if such assessment has been made on the basis of a return furnished by such proprietor (3) If the luxury tax is not paid within the prescribed period the assessing authority may levy a penalty equal to a sum not exceeding the amount of the luxury tax payable under this Act Provided that no penalty shall be levied under this sub-section unless the proprietor has been given a reasonable opportunity of being heard.