(a) If any person believed by the department to be liable for tax under the provisions
of this act shall have failed to file a return in accordance with and within the time
prescribed by this act, and if the department shall deem it more conducive to the
public interest because of the supposed smallness of the tax or for any other reason
not to proceed to compel the exhibition of the accounts of such person, it may make
an estimated assessment of the probable amount of tax owing by such person; but in
every such case the department shall add to such estimated assessment a penalty of
fifty per centum (50%) thereof and the department shall proceed to collect such estimated
tax and penalty as in other cases if the amount is not paid when due as hereinafter
(b) The estimated assessment thus determined, together with the penalty of fifty per
centum (50%) specified above and interest at the rate of one-half of one per centum
per month or fractional part thereof until paid, shall be due and payable ten days
after notice of such settlement shall have been mailed by the department to the person
against whom the estimated assessment has been made.
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