Section 122 : Assessment of fee and interest:
1) The Department shall assess the fee and interest required to be paid by any person pursuant to this Chapter.

2) In computing the liability for the fee and interest chargeable where any particular act has not been performed or chargeable in respect of any statement pursuant to this Chapter, it shall be computed separately in the case of each section of this Chapter.

3) The fee and interest chargeable pursuant to this Section shall be added to any other tax, if any, payable pursuant to this Act; and mere payment of such fee and interest shall not be deemed as the release of any person from the liability related to criminal proceedings mentioned in Chapter-23.

4) In cases where the fee and interest have been assessed pursuant to this Section, the Department shall give a written notice of the assessment, setting out the following matters, to that person. Such notice may be attached to and sent along with the notice to be issued pursuant to Section 102:

a) The reasons why the Department has to assess the fee and interest,

b) The amount for the fee and interest payable,

c) The method how the amount has been computed,

d) The time, place and mode for making a compliant against the assessment.

5) It shall be as follows in assessing the fee and interest pursuant to this Section:-

a) The matters contained in Sub-section (1), Subsection (2), clause (b) of Sub-section (3), Sub section (4) and (5) of Section 101 shall also be applicable in assessing the fee and interest pursuant to this Section, and

b) The matters contained in clauses (b) and (c) of Subsection (3), Sub-sections (4) and (5) of Section 101 and Section 102 shall also be applicable in the case of Sub-section (4) of this Section.