Cal. Rev. & Tax. Code § 12633

Current through the 2023 Legislative Session.

Section 12633 - Penalty if deficiency assessment made on basis of proposal submitted by commissioner

When a deficiency assessment is made on the basis of a proposal submitted by the commissioner pursuant to Section 12423 a penalty of 10 percent of the amount of the deficiency assessment shall be added thereto.

Ca. Rev. and Tax. Code § 12633

Added by Stats. 1961, Ch. 740.