Additional assessments

(1) Where it appears to the Commissioner that any person or entity liable to pay tax has not been assessed or has been assessed at a lower amount than that which ought to have been charged, the Commissioner may, at any time within the year of assessment or within six years after the expiration thereof, assess such person or entity at such additional amount as according to his judgment ought to have been charged, and the provisions of the Tax Administration and Procedure Act as to notice of assessment, appeal and other proceedings shall apply to such assessment or additional assessment and to the tax charged thereunder. (2) The Commissioner may, if satisfied that the act of omission or commission amounts to fraud or contrivance, or gross and willful neglect on the part of the person or entity assessed, or to be assessed, charge such person or entity in respect of such additional tax and penalty an amount equal to double the amount of the tax and penalty payable on the excess. Schedule IX. (3) Where it comes to the notice of the Commissioner that a person or entity has not reported or disclosed any receipts which ought to have been reported or disclosed, such unreported receipts shall, notwithstanding the rates specified in Schedule IX, be taxed at the rate of 50% of such receipts, in addition to any other penalties leviable under this Act or regulations made thereunder. (4) Where a person dies and such person would but for his death have been chargeable to tax, the personal representatives of such person shall, to the extent of the estate of the deceased person, be liable to and charged with the payment of the tax which such person would have been chargeable, and shall be answerable for doing all such acts, matters and things as such person if he were alive would be liable to do under this Act. 91 (5) The provisions relating to assessments, review, objections, appeals, collections and the recovery of tax contained in the Tax Administration and Procedure Act shall apply to assessments, review, objections, appeal, collections and the recovery of tax under this Part. CAP. 51. on gross contact