{"id":31838,"date":"2023-01-07T10:06:33","date_gmt":"2023-01-07T04:36:33","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pioneer-overseas-corporation-usa-india-branch-v-citit-2022449-itr-186-329-ctr-686-220-dtr-39-145-taxmann-com-475-sc-editorial-decision-affirmed-pioneer-overseas-corporation-usa-indi\/"},"modified":"2023-03-22T20:22:23","modified_gmt":"2023-03-22T14:52:23","slug":"pioneer-overseas-corporation-usa-india-branch-v-citit-2022449-itr-186-329-ctr-686-220-dtr-39-145-taxmann-com-475-sc-editorial-decision-affirmed-pioneer-overseas-corporation-usa-indi","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pioneer-overseas-corporation-usa-india-branch-v-citit-2022449-itr-186-329-ctr-686-220-dtr-39-145-taxmann-com-475-sc-editorial-decision-affirmed-pioneer-overseas-corporation-usa-indi\/","title":{"rendered":"Pioneer Overseas Corporation USA (India Branch) v. CIT(IT) (2022)449 ITR 186 \/ 329 CTR 686 \/ 220 DTR 39 \/ 145 taxmann.com 475\/(2023) 290 Taxman 375   (SC) Editorial: Decision affirmed , Pioneer Overseas Corporation USA (India Branch) v. CIT(IT) ( 2017) 248 Taxman 186 ( Delhi)( HC)"},"content":{"rendered":"<p>Application for waiver of interest was rejected by the Commissioner . On writ the High court affirmed the order of the Commissioner on the ground that\u00a0 delay\u00a0 in payment of tax due to dispute pending before authority can not be the ground for waiver of interest . On a petition for special leave to appeal to the Supreme Court ,dismissing the petition held \u00a0that merely raising a dispute before any authority could not be a ground not to levy the interest or waiver of interest under section\u00a0220(2A)\u00a0of the Act. Otherwise each and every assessee may raise a dispute and contend that as the assessee was bona fide litigating no interest shall be leviable. Under section\u00a0220(2)\u00a0of the Act, the levy of simple interest on non-payment of the tax at one per cent. per annum is, as such, mandatory<em>.(<\/em> AY.1997-98 to 2006-07)<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 220 : Collection and recovery &#8211;  Assessee deemed in default &#8211; Interest mandatory \u2014 Delay in payment of  tax \u2014 Waiver \u2014 No genuine hardship-  Raising dispute before Authority not ground for waiver of  interest \u2014 Dispute pending  resolved under mutual agreement procedure \u2013 Order of Commissioner refusing to waive interest is justified. [ S. 220(2), 220(2A) ]  <\/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":[21],"tags":[],"class_list":["post-31838","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8hw","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31838","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=31838"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31838\/revisions"}],"predecessor-version":[{"id":33344,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31838\/revisions\/33344"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=31838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=31838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=31838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}