https://www.taxtmi.com/caselaws?id=39358 The High Court of Kerala upheld the imposition of a penalty under section 271(1)(a) of the Income-tax Act, 1961, for failing to file the return on time after penal interest was imposed under section 139(1)(iii). The court distinguished between compensatory interest and punitive penalties, clarifying that the penalty was for attempted tax evasion, not mere non-compliance. It concluded that the levy of penalty and interest for delayed submission did not violate constitutional provisions. The court ruled in favor of the department, emphasizing the distinct legal basis for each measure under the relevant sections of the Income-tax Act. en-us Fri, 28 Nov 1975 00:00:00 +0530 Fri, 16 Apr 2010 10:07:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39358 The High Court of Kerala upheld the imposition of a penalty under section 271(1)(a) of the Income-tax Act, 1961, for failing to file the return on time after penal interest was imposed under section 139(1)(iii). The court distinguished between compensatory interest and punitive penalties, clarifying that the penalty was for attempted tax evasion, not mere non-compliance. It concluded that the levy of penalty and interest for delayed submission did not violate constitutional provisions. The court ruled in favor of the department, emphasizing the distinct legal basis for each measure under the relevant sections of the Income-tax Act. Case-Laws Income Tax Fri, 28 Nov 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39358