https://www.taxtmi.com/caselaws?id=39882 Interest levied for delayed filing under section 139 of the Income-tax Act does not, by itself, bar the Income-tax Officer from imposing penalty under section 271(1)(a). In the absence of an express statutory provision making interest an alternative to, or substitution for, penalty, the two liabilities operate cumulatively for the same default. The earlier challenge to the constitutional validity of the penalty provision had been rejected, and the levy of interest was therefore treated as not mutually exclusive with penalty. The question was answered against the assessee. en-us Tue, 26 Feb 1974 00:00:00 +0530 Tue, 20 Apr 2010 18:07:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39882 Interest levied for delayed filing under section 139 of the Income-tax Act does not, by itself, bar the Income-tax Officer from imposing penalty under section 271(1)(a). In the absence of an express statutory provision making interest an alternative to, or substitution for, penalty, the two liabilities operate cumulatively for the same default. The earlier challenge to the constitutional validity of the penalty provision had been rejected, and the levy of interest was therefore treated as not mutually exclusive with penalty. The question was answered against the assessee. Case-Laws Income Tax Tue, 26 Feb 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39882