Income tax return filing

Assessee an Association of Persons has not filed its returns form FY 2006-07, we would like to know if there is any option available for the Assessee to file returns for the period 2006-07 onwards?, and in such case what is the procedure to be adopted for filing of those returns with minimal impact on Interest and Penalty.

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Any refund due/or carry forward of losses during last 6 years? apply u/s.section 119(2B). 

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