Penalty for default in payment of tax: assessee liable to penalty equal to tax arrear; payment before levy not discharge. An assessee in default, or deemed to be in default, for non payment of tax is liable to a penalty equal to the tax arrear where default continues; payment ... Summary
Penalty for default in payment of tax: assessee liable to penalty equal to tax arrear; payment before levy not discharge.
An assessee in default, or deemed to be in default, for non payment of tax is liable to a penalty equal to the tax arrear where default continues; payment of the tax before levy does not extinguish the liability to that penalty.
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