diff --git a/Misc/python-mode.el b/Misc/python-mode.el
index cf5f4d6..2811295 100644
--- a/Misc/python-mode.el
+++ b/Misc/python-mode.el
@@ -742,6 +742,7 @@
   (if (or (/= (current-indentation) (current-column))
 	  (bolp)
 	  (py-continuation-line-p)
+	  (not py-honor-comment-indentation)
 	  (looking-at "#[^ \t\n]"))	; non-indenting #
       (backward-delete-char-untabify count)
     ;; else indent the same as the colon line that opened the block