24A. Determination of amount of penalty under sub-section (2) of section 32

(1) Where an authority mentioned in rule 62 decides to impose penalty under sub-section (2) of section 32 before completion of assessment of tax, he shall determine the amount of tax suppressed at the appropriate rate applicable to the value of suppressed turnover regarding which material is available.

(2) The computation of tax for the purpose of sub-rule (1) shall be provisional and be limited only to the extent of actual value of suppressed turnover.

(3) Any determination of tax under this rule for the purpose of imposing penalty shall be without prejudice to the final determination of tax which may depend upon factors other than actual suppression detected.