Income Tax

Penalty

— Failure to furnish return — Liability to pay penalty under S. 271(1)(a), Income Tax Act, 1961 — AYs 1959-60 to 1965-66 — Return filed under S. 139(4) after expiry of the time allowed or extended under S. 139(1) — In such a case, although interest for late filing of return paid, held, liability to pay penalty under S. 271(1)(a) attracted — Distinction between the concept of <169>interest<170> and <169>penalty<170> pointed out, (2006) 7 SCC 483-A