Amendment status not verified — confirm the current text below against the official source.
If the Commissioner or the assessing authority, as the case may Penalty for be, is satisfied that a proprietor, in order to evade or avoid payment of tax, evasion of tax has,— (a) concealed any particulars from any return, filed by him ; or (b) deliberately furnished incorrect particulars in any return ; or (c) concealed any transaction from his account books ; or (d) not maintained proper and clear accounts, which prevents the Commissioner or the assessing authority to assess the | tax due from him, he shall direct the proprietor to pay a penalty, in addition to the tax and interest payable by him of a sum, equal to double the amount of the tax, as may be assessed. Penalty for failure to issue a bill or cash memo. Penalty for misuse of registration number. Penalty for Non payment of assessed amount of tax. Penalty in cases not covered elsewhere. Authority competent to impose penalty. 80 PUNJAB GOVT GAZ. (EXTRA.), APRIL 1, 2009 (CHTR 11, 1931 SAKA)