Page:United States Statutes at Large Volume 43 Part 1.djvu/341

 310 SIXTY-EIGHTH CONGRESS. Sess. I. Ch. 234. 1924. ¤¤m! Mx- 2 Where an extension of time for payment of the amount so migigsfnng egltiugilig deéerinined as the tax by the executor has been granted, and the "°°""id'“"‘u‘ amount the time for payment of which has been extended, and the interest thereon determined under subdivision (c) of section 303, is not paid in full prior to the expiration of the period of the extension, then, in lieu of the interest provided for in paragraph (1) of this subdivision, interest at the rate of 1 per centum a month shall be collected on such unpaid amount from the date of the expiration of the _ period of the extension until it is pa1d. _ _ a{Y°§$?§ifiZg°i$3i§é (b) _Where a deficiency, or any interest assessed in connection ¤¤gg,¢*g§¤,g6_ therewith under subdivision (e) of section 308, or any addition to the ' tax provided for in section 3176 of the Revised Statutes, as amended, is not aid in full within 30 da s from the date of notice and demand from tllie collector, there shall be collected as part of the tax, interest upon the unpaid amount at the rate of 1 per centum a month from . the date of such notice and demand until it is paid. u£¤{°.i;1;gn’:¢g.§;i.¢,t° (c) If a claim in abatement is Bled, as provided in section 312, the provisions of subdivision (b) of this section shall not apply to the mmm, in ,0,,, amount covered by the claim in abatement, _ _ _ was atm ¤>¢¤r¤¤ aw Sec. 310. (a) Except as provided in section 311 and in subdivision mhgeepaua. (b) of section 308 and in subdivision (b) of section 312, the amount of the estate taxes imposed by Part I of this title shall be assessed within four years after the return was filed, and no proceeding in court ;o§ the collecggn cid such taxes shfisilldbe begun after the expiration o ve years a r the return was e. ¤¤iI$°gf‘¢i•?¤&°`l=fa'c;il im (b) The period within which an assessment is required to be made by subdivision (a) of this section in respect of any deficiency shall be extended (1) by 60 da s if a notice of such deficiency has been mailed to the executor under subdivision éa) of section 308 and no appeal has been filed with the Board of ax Appeals, or (2) if an appeal has been filed, then by the number of days between the date of . the ntilailing of such notice and the date of the final decision by the Boar . m$“?$°lii{  iii Sec. 311. (a) In the case of a false or fraudulent return with in- Philemon b db be begun wit out assessment, at any time. emmasm. Y (b)_WVhere the assessment of the tax is made within the eriod  in segtion 310 oam this sectdogé such tzzimay be colletited y is ram or a rocee in in cour n wi in six ears a ter éiiuiinpwifcl the assessment oflthetax. Ncihing in fhisgxct shall be coliistrued as ‘ preventing the beginmnfg, without assessment, of a proceeding in court for the_col1ection o the tax at any time before the expiration of No Mmmm no the period with1_n which an assessment may be made. 1;;,,,,,., by umgumg: (c) This section shall not (1) authorize the assessment of a tax °‘*°*°°·°·°*°- or the collection thereof by distraint or by a proceeding in court if at the time of the enactment of this Act such assemment, distraint, mm mmmms osg; pzocegdiiég vgs tbarped by the gieripld of éinditatipn then indexmq m,,,,,emd_ · 1 en e, a ec an assessmen ma e or is rain or rocee in in court begun, before the enactment of tliis Act. P g
 * 5*******- tent to evade tax or_ of a failure to file a return the tax may be assessed, or at proceeding in court for the collection of such tax may
 * ¤C%;`iir°i°¤ii§m§.§il Sm. 312._ (a) If a deficiency has been assessed under subdivision

mr gguzgirg Qliség (d) of section 308, the executor, within 30 days after notice and de- ¤1e¤¤y,ea-. mand from the collector for the payment thereof, may file with the collector a claim for the abatement of such deficiency, or any part thereof, or of any interest or additional amounts assessed in connec- Bond mmm. tion therewith, or of any lpart of any such interest or additional amounts. Such claim shall be accompanied by a bond, in such amount, not exceeding double the amount of the claim, and with such sureties, as the collector deems necessary, conditioned upon the pay- ment of so much of the amount of the claim as is not abated, to-