{"id":2474,"date":"2018-10-14T08:23:04","date_gmt":"2018-10-14T08:23:04","guid":{"rendered":"http:\/\/itatonline.org\/digest\/supernova-system-private-limited-c-ccit-gujhcwww-itatonline-org\/"},"modified":"2019-02-26T08:45:03","modified_gmt":"2019-02-26T08:45:03","slug":"supernova-system-private-limited-c-ccit-gujhcwww-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/supernova-system-private-limited-c-ccit-gujhcwww-itatonline-org\/","title":{"rendered":"Supernova System Private Limited  v. CCIT ( 2018) 171 DTR 65\/ 305 CTR 326 ( 2019) 260 Taxman 345( Guj)(HC),www.itatonline.org"},"content":{"rendered":"<p>The Question for \u00a0consideration is what would be the basic compounding charges that the petitioner must pay in order to avail the offer for compounding the offense. The primary facts are not in dispute. In the assessment of the petitioner\u2019s return, an addition of Rs.8.70 lakhs came to be made.This gave rise to additional tax of Rs.2.61 lakhs. A penalty of Rs.2.61 lakhs at the rate of 100% of the tax sought to be evaded was also imposed in terms of section 271(1)(c) of the Act.The revenue calculated the compounding fess\u00a0at Rs 10, 4900.\u00a0 On the basis of income ought to have been evaded which was paid under protest . The Assessee moved rectification\u00a0 application which was not\u00a0 disposed off . The\u00a0 assessee\u00a0moved the petition before High Court . Allowing the petition the Court held that ,<strong>the expression &#8220;amount sought to be evaded&#8221; in CBDT&#8217;s compounding guidelines dated 23.12.2014 means the amount of &#8220;tax sought to be evaded&#8221; and not the amount of &#8220;income sought to be evaded&#8221;. Accordingly the court directed the department to refund the excess\u00a0 amount paid by the assessee <\/strong>latest by 31.10.2018.) ( SCA No. 8715 of 2018, dt. 17.09.2018)\u00a0( AY.2008 -09)<\/p>\n<p><strong>[Click here to download PDF file]<\/strong><a href=\"http:\/\/itatonline.org\/archives\/wp-content\/uploads\/Supernova-Compounding-Fee.pdf\">http:\/\/itatonline.org\/archives\/wp-content\/uploads\/Supernova-Compounding-Fee.pdf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 279 : Offences and prosecutions \u2013 Sanction &#8211; Chief Commissioner \u2013 Commissioner -The expression &#8220;amount sought to be evaded&#8221; in CBDT&#8217;s compounding guidelines dated 23.12.2014 means the amount of &#8220;tax sought to be evaded&#8221; and not the amount of &#8220;income sought to be evaded&#8221;- Directed the department to refund the excess  amount paid by the assessee latest by 31.10.2018.. [ S. 271(1) ( c), 276C ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2474","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-DU","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=2474"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2474\/revisions"}],"predecessor-version":[{"id":4098,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2474\/revisions\/4098"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}