| Citation(s) |
|---|
| 2002 SLG 174 2002 SLD 174 2002 PTD 1135 (2001) 252 ITR 1 |
Supreme Court of India
Civil Appeal Nos. 4126 to 4150 of 2000 with Civil Appeals Nos. 16810 of 1996, 6275 to 6286, 6414, 6415 and 3744 of 1998, and 1561, 1858, 3859, 5655 to 5659 of 1999 and S.L.P. (Civil) Nos. 16404, 16405, 16407 to 16411 and 17832 to 17834 of 2000, decision d
DR. A. S. ANAHU, C.J. I, K. T. THOMAS, R. C. LAHOTI, N. SANTOSH HEGDE AND S.N. VARIAVA, JJ
M.L. Verma, J. Ramamurti, S. Ganesh, R.P. Agarwal and Josesph Vellapally, Senior Advocates for Petitioners.
Civil Appeal Nos. 4126 to 4150 of 2000 with Civil Appeals Nos. 16810 of 1996, 6275 to 6286, 6414, 6415 and 3744 of 1998, and 1561, 1858, 3859, 5655 to 5659 of 1999 and S.L.P. (Civil) Nos. 16404, 16405, 16407 to 16411 and 17832 to 17834 of 2000, decision d
DR. A. S. ANAHU, C.J. I, K. T. THOMAS, R. C. LAHOTI, N. SANTOSH HEGDE AND S.N. VARIAVA, JJ
M.L. Verma, J. Ramamurti, S. Ganesh, R.P. Agarwal and Josesph Vellapally, Senior Advocates for Petitioners.
COMMISSIONER OF IncomE tax
VS
ANJUM M.H. GHASWALA and others (and other appeals and special leave s)
Law: Income Tax Act, 1961
Section: 119,234A,234B,234C,"45A(b)&245D(4).
(a) Income-tax--- ----Settlement Commission---Nature of---Quasi-judicial body---Not executive authority like CBDT---Jurisdiction and powers---Interest for delay in filing return---Interest for deficiency or deferment of advance tax---No power to reduce or waive---Waiver or reduction permissible only under circular of CBDT in cases and under conditions pr scribed---Indian Income Tax Act, 1961, Ss. 119, 234A, 234B, 234C," 45A(b) & 245D(4). (6). (b) Income-tax--- ----Advance tax---Deficiency or deferment ---Interest---Mandatory--Indian Income Tax Act, 1961, Ss. 234B & 234C. (c) Income-tax--- ----Return---Delay or default---Interest---Mandatory---Indian Income Tax Act, 1961, S. 234A. (d) Income-tax---Central Board of Direct Taxes---Nature of---Executive Authority--Circulars---Beneficial to assessee---Binding nature---Settlement Commissioner---Can waive or reduce interest in accordance with circular of CBDT Circular No. 400/234/95-IT(B), dated May 23, 1996---Indian Income Tax Act, 1961, S.119(2)(a). (e) Interpretation of statutes--- ---- Purposive interpretation---Only when language of statute ambiguous, conflicting or gives meaning leading to absurdity---Power vested in Authority---To be exercised in particular manner---Authority has to exercise it only in manner provided. (f) Income-tax--- ----Clarificatory note---Press release---Do not have statutory force like circulars. (g) Words and phrases--- ------ Settlement", "terms", "shall" ---Meanings of. The Settlement Commissioner, in exercise of its powers under section 245D(4) and (6) of the Income Tax Act, 1961, does not have the power to reduce or waive interest statutorily payable under sections 234A, 234B and 234C, except to the extent of granting relief under circulars issued by the Central Board of Direct Taxes under section 119, e.g., Circular No.400/234/95-IT(B), dated May 23, 1996. Anjum Mohammed Hussein Ghaswala: In re (1998) 230 ITR (AT) 1 varied. Ashwani Kumar Aggarwal: In re (1992) 195 ITR 861 (ITSC) impliedly approved. CIT v. Express Newspapers Ltd. (1994) 206 ITR 443 (SC) explained and distinguished. Chapter XIX-A was included in the Act for the purpose of quick settlement of the cases…
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