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Maximum interest payable on income tax

This query is : Resolved 
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(Querist)
08 December 2014 could income tax and interest payable thereon exceed total income returned (assume that return for past five years to be filled now) ?
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gbalakrishnan

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gbalakrishnan (Expert)
08 December 2014 No it cannot. But road rolls. Penalty if more than a fixed sum cannot be enforced under principles of taxation all over world, that way you need read Art 265 of indian constitution;
but you have to fight a legal battle very thoroughly... in absolute liability is one and strict liability penalties it is different!
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