Section 58

section 14 of the principal Act is amended by inserting after subsection (4) the following subsection:

“(5) Where pursuant to section 21b, an acquirer fails to retain and remit the amount required under that section, and the failure is by reason of an incorrect or wrong notification furnished to him under section 13, there shall be included in the assessment made in respect of the person who furnished such notification, a sum equal to ten per cent of the tax payable by that person.”.

amendment of section 15