54.
| (1) Any person who-
| | (a) fails to comply with the requirements of a notice issued to him under section 24 (2) of this Act or under the provisions of section 58 (1), section 58 (3), section 58 (4) (a), section 58 (4) (b), or section 59 (1) of the Income Tax Ordinance applied as if they were provisions of this Act in the manner indicated in section 24 or section 25 of this Act; or | | |
| | (b) fails to attend in answer to a notice issued to him under the provisions of section 58 (4) (b) of the Income Tax Ordinance applied as if | | |
| | (c) fails to comply with the provisions of section 53 (2), section 81 (10) or section 83 (2) of the Income Tax Ordinance applied as if they were provisions of this Act in the manner indicated in section 24, section 45 or section 47 of this Act, | | |
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| (2) Every person who without reasonable cause-
| | (a) makes an incorrect return by omitting or understating any taxable wealth, assessable expenditure, or taxable gifts of which he is required by this Act to make a return either on his own behalf or on behalf of another person; or | | |
| | (b) gives any incorrect information in relation to any matter or thing affecting his own liability to the Personal Tax or the liability of any other person, | | |
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| (3) No person shall be liable to any penalty in respect of any offence under this section unless the com plaint concerning such offence was made in the year of assessment in respect of or during which such offence was committed or within five years after the expiration thereof. |
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| (4) The Commissioner may compound any offence under this section and may before judgment stay or compound any proceedings thereunder. |
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Sri Lanka Consolidated Acts