1974 (2) TMI 29 - HC - Income Tax

Summary

The High Court of Karnataka ruled that the Income-tax Officer can levy a penalty under section 271(1)(a) of the Income-tax Act, 1961, even if interest under section 139 has been charged. The court cited a similar decision by the Andhra Pradesh High Court and upheld the constitutional validity of the penalty provision. The question was answered in the affirmative against the assessee.