Penalty imposed on corporations which refuse or neglect to make a return.
Section 74
SEC. 74. Penalty imposed on corporations which refuse or neglect to make a return. — If any corporation or duly registered general co-partnership shall refuse or neglect to make a return at the time or times hereinbefore specified in each year, or shall render a false or fraudulent return, such corporation or partnership shall be liable to a fine of not exceeding twenty thousand pesos.