42.
| (1) Where the amount of the capital levy or an instalment of the capital levy is in default, a sum equivalent to five per centum of the amount in default shall be added to such amount and the Commissioner shall give notice in writing to the person liable to pay such amount requiring him to pay such amount together with the sum so added on or before the date specified in the notice. Where payment is not so made, the Commissioner may add a further sum or further sums not exceeding fifteen per centum of the amount in default until such amount is recovered. |
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| (2) Where, upon the final determination of an appeal, the amount of the capital levy or an instalment of the levy to which any sum or sums has or have been added under sub-section (1) is reduced, then such sum or sums shall be calculated on the amount as so reduced. |
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Sri Lanka Consolidated Acts