1989 (10) TMI 12 - HC - Income Tax

Summary

The petitioner challenged the penalty under section 271(1)(a) of the Income-tax Act, 1961, which was confirmed by the Commissioner of Income-tax. The court held that the levy of interest is automatic under the amended provision of the Act. The court also stated that the levy of interest is not penal in nature and can be imposed along with a penalty. The petition was dismissed.