127. Failure to pay tax on the basis of return.-

127.  Failure  to  pay  tax  on  the  basis  of  return.- 

Where,  in  the  course  of  any proceeding  under  this  Ordinance,  the  Deputy  Commissioner  of  Taxes  is satisfied that any person has not paid tax as required by section 74, ¹[or the tax paid  by  him  under  that  section  is  less  than  eighty  percent  of  the  amount payable thereunder,] he may impose upon such person a penalty of a sum not exceeding twenty-five percent of the whole of the tax or as the case may be, of such portion of the tax as has not been paid.

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¹ Omitted by F. A. 2015

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