Page:United States Statutes at Large Volume 39 Part 1.djvu/803

 782 SIXTY-FOURTH CONGRESS. Sess. I. Ch. 463. 1916. "¤m°’·' ’¤· has his princi al office or place of business, in such form as the Commissioner of internal Revenue, with the approval of the Secretary of the Treasury, shall prescribe, setting forth specifically thegross amount of income received or accrued from the sale or disposition of the articles specified in section three hundred and one, an from_the total thereof deducting the aggregate items of allowance authorized in section three hundred and two, and such other particulars as to the gross receipts and items of allowance as the ommissioner of Internal Revenue, with the approval of the Secretary of the Treasiu·y, may uire. _ _ ·‘ '°'°“‘ Sn;iK305. All such returns shall be transmitted forthwith by the collector to the Commissioner of Internal Revenue, who shall, as soon as practicable, assess the tax found due and notify the person making such return of the amount of tax for which such person is P"“""’t‘ liable, and such person shall pay the tax to the collector on or before thirty days from the date of such notice. m{§gg"§,$,'{’§‘}.E,tl{,’§nE‘Z,'§,‘I Sec. 306. If the Secretary of the Treasury or the Commissioner of ¤**·‘¤'¤¢*¤*Y· Internal Revenue shall have reason to be dissatisfied with the return as made, or if no return is made, the commissioner is authorized to _ make an investigation and to determine the amount of net lproiits ,,,°§Y.t°§fi°“ °“ "°"°° and may assess the proper tax accordingly. He shall nof y the person making, or w o should have ma e, such return and shall _ proceed to collect the tax in the same manner as provided in this title, H"""“‘ unless the person so notified shall file a written request for a hearing Pm7wmv°mm__ with the commissioner within thirty days after the date of suc mmm notice; and on such hearing the burden of establishing to the satisfaction of the commissioner that the gross amount received or accrued or the amount of net profits, as determined by the commissioner, is ` incorrect, shall devolve upon such person. P°”““ “‘°l°f°"°“ Sm. 307. The tax may be assessed on any person for the time being owning or carrying on the business, or on any person acting as agent for that person m carrying on the business, or where a business has ceased, on the person who owned or carried on the business, or acted as agpnt in carrying on the business immediately before E i i tthe tim; gt vlg 'chhthe busmessfceased. h f hm ¤·¤¤¤•*¤¤¤° mc. 0. orte urposeo can§¤ng' outte rovisionso t' b°°k3’°t°` title the Commissiongr of Internal evenue is aiilhorized, personally or by his agent, to examine the books, accounts, and records of ang person subject to this tax. ,¤gg*;¤g·,g*rm,*},{;’*}'Jj]=g mc. 309. No person employed by the United States shall comawmn. municate, or allow to be communicated to ang person not legally entitled thereto, any information obtained un er the provisions of this title, or allow any such person to inspect or have acces to any return furnished under the provisions of this title. ,8§0“,;“’·§,*g°¤’ ‘°' "*° Sec. 310. Whoever violates any of the provisions of this title or ’ the regulations made thereunder, or who knowingly makes false statements in any return, or refuses to give such information as ma be called for, is guilty of a misdemeanor, and ugion conviction shall; in addition to paying any tax to which he is liab e, be fined not more than $10,000, or imprisoned not exceeding one year, or both, in the G mh my discretion of the court. ba_°“° “°“’ Sec. 311. All administrative, special, and general provisions of law, relating to the assessment and collection of taxes not specifically repealed, are hereby made to apply to this title so far as Regulations mu to applicable and not inconsistent with its provisions. 1,, ,m,,.,_ * ’ nc. 312. The Commissioner of Internal Revenue, with the approval_of the Secretary of the Treasury, shall make all necessary regulations for carrying out the provisions of this title, and ma require any person subject to such provisions to furnish him with further information whenever in his judgment the same is necessary to collect the tax provided for herein.