143.
| (1) Where in an assessment made in respect of any person the amount of the assessable income or taxable income exceeds the amount specified as his assessable income or taxable income in the return furnished by him under subsection (1) of section 98 or subsection (2) of section 98 and the assessment is final and conclusive under section 142, the Commissioner-General may, unless that person proves to the satisfaction of the Commissioner-General that there is no fraud or wilful neglect involved in the disclosure of income or any claim for any deduction or relief made by that person in such return, in writing order that person to pay on or before a specified date a sum not exceeding the aggregate of two thousand rupees and a sum equal to twice the tax on the amount of the excess as penalty for making an incorrect return. |
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| (2) Any person in respect of whom an order is made under subsection (1) may within twenty-one days after the notification of the order to him appeal therefrom in writing to the Board of Review the appeal shall state precisely the grounds of objection to the order |
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| (3) The provisions of section 140 shall as far as possible apply to the hearing and disposal of any appeal under the preceding provisions of this section The Board of Review may confirm. reduce, increase or annual the penalty imposed by the order of the Commissioner-General from which the appeal is made, hut any me tease of such penalty shall not be in excess of the maximum amount which the Commissions General may impose under subsection (1) as such penalty |
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| (4) Where in respect of any person's return of income, a penalty is imposed on that poison under this section, he shall not be liable to prosecution for an offence relating to that return under paragraph (a) of subsection (4) of section 171 or under paragraph (a) of subsection (1) of section 173 |
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Sri Lanka Consolidated Acts