The Chief Commissioner rejected the assessee’s application seeking waiver of interest charged under section 234C of the Income-tax Act, 1961. On writ allowing the petition, the Court held that the order, rejecting the assessee’s application for waiver of interest levied under section 234C, in its findings had nowhere referred to or considered the primary submission of the assessee on waiver of interest, attributable to the COVID-19 pandemic. Such approach of the Chief Commissioner showed non-application of mind to the material contentions raised by the assessee. The other statutory provisions and\/or the scheme of the Act and the decisions on which the assessee had relied on and intended to find support, in the given facts and circumstances, also lacked consideration in the order. The order was quashed and set aside. The matter was remanded to the Chief Commissioner for a de novo consideration and thereafter passing a reasoned order.(AY. 2021-22)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 234C: Interest-Deferment of advance tax-Company-Book profits-Waiver of interest-Rejection of application for waiver of interest levied-Non-consideration of primary submission on ground of severe financial constraints and adverse impact on overall earnings and revenue due to COVID-19 pandemic-Order rejecting application quashed and set aside. Matter remanded to Chief Commissioner for de novo consideration before passing a reasoned order.[S.115JB, 119, Art. 226] <\/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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-65515","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-h2H","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/65515","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=65515"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/65515\/revisions"}],"predecessor-version":[{"id":65516,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/65515\/revisions\/65516"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=65515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=65515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=65515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}