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Case lawHigh Court › CIT, Agra v M/s Oswal Exports
High CourtHelps taxpayerValidity unconfirmeds.234As.234Bs.234Cs.80HHCs.260A

CIT, Agra v M/s Oswal Exports

My assessment order just says 'interest will be charged as per rules'. It never names s.234A, s.234B or s.234C. Is that enough to levy the interest?

My assessment order just says 'interest will be charged as per rules'. It never names s.234A, s.234B or s.234C. Is that enough to levy the interest?

The Allahabad High Court held it is not. The direction must be specific and clear, so that the assessee knows the Assessing Officer applied his mind and ordered interest under a particular section; a general direction to charge interest as per rules or as per law is not a specific order and no interest can be levied on it. The Court expressly considered the Supreme Court's order in Karanvir Singh Gossal and held that it does not displace this requirement.

Decided by the High Court (Tarun Agarwala J and Mahesh Chandra Tripathi J) on 2014-07-01, reported as Income Tax Appeal No. 386 of 2007 (High Court of Judicature at Allahabad). It bears on section 234A, section 234B, section 234C, section 80HHC, section 260A of the Income Tax Act 1961, in Assessment & Scrutiny, Appeals, How Tax Law Is Read and Demand, Recovery & Stay matters.

Validity check could not be completed. Validity check could not be completed; whether this judgment was appealed, followed or doubted was not checked. The conflict it addresses is real and is not confined to a difference between High Courts: the Punjab & Haryana High Court's line in Vinod Khurana v. CIT 253 ITR 578 (P&H) upheld interest where the assessment order was silent, and the Chandigarh Bench of the Tribunal on remand in ITO v. Karanvir Singh Gossal (23 August 2013), read in full on this pass, upheld interest where the s.143(3) order made no mention of it but Form ITNS 150 of the same date set out the computation. Because the tension runs between High Courts, a Tribunal line, and the Supreme Court's own orders in Ranchi Club and Karanvir Singh Gossal, the label 'high courts differ' would misdescribe it; the position is best stated as unresolved, turning heavily on whether an ITNS 150 naming the sections was issued with the order.

Why it matters

This is the taxpayer's side of a split the library must carry whole. The department answers with Anjum Ghaswala and with the sentence in Karanvir Singh Gossal that a leviable charge under s.234B/234C is mandatory and compensatory. This judgment reads that sentence and holds that it decides the CHARACTER of the levy once attracted, not the manner of levying it: interest is mandatory and compensatory, but the officer must still name the section, failing which no interest can be levied. It also draws the line that the Supreme Court itself drew — the observation that a recitation directing institution of penal proceedings is not obligatory concerns PENALTY, which is 'totally different and distinct from charging interest'. The other side is real: the Chandigarh Bench of the Tribunal in Karanvir Singh Gossal itself upheld interest where the assessment order was silent but Form ITNS 150 of the same date carried the computation. So the practical question is usually whether an ITNS 150 exists and what it says.

Binding within that High Court's jurisdiction. Persuasive elsewhere.

Not yet CA-verified. This entry was found through the sources listed under the Sources tab, and the summary reflects what those sources say. Nobody has yet read the full judgment and signed it off. Check the source before relying on it.

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