Premier Solar Power Tech Gets Relief as Allows Petition
The has ruled that the cannot retain tax collected twice on the same income, granting relief to in a case of amounting to Rs 6.85 crore. A Division Bench of Justices P. Sam Koshy and Narsing Rao Nandikonda held that the under , is wide enough to correct such mistakes regardless of whether they were committed by the assessee.
Background of the Case
Premier Solar Power Tech was engaged in engineering, procurement, and construction of solar power projects. It was awarded a contract by for a 100 MW solar project. The project faced delays, and the company charged liquidated damages of Rs 16.04 crore in its books for the . Subsequently, as the claim was settled, the company reversed part of the provision amounting to Rs 9.79 crore and offered it to tax for the . This included Rs 6.85 crore. However, the Assessing Officer, while completing the scrutiny for , disallowed the same Rs 6.85 crore, resulting in the amount being taxed twice.
The petitioner had already paid the tax arising from the disallowance and approached the Principal Commissioner under Section 264 seeking correction. The application was rejected on the ground that the Intimation for 2021-22 was neither erroneous nor prejudicial, and that the assessee could have filed a . The company then moved the High Court.
Arguments Advanced
The petitioner, represented by , argued that Section 264 does not require an "" and can be invoked even for mistakes committed by the assessee. Citing the in and the in , it was submitted that the Commissioner is duty-bound to grant relief against . The petitioner further relied on a Division Bench judgment of the in , which held that violates .
The Revenue, represented by , contended that Section 264 cannot be used to grant relief against a of the assessee, that there was no as the two events were distinct, and that the Intimation was correct.
Legal Analysis by the Court
The Court examined the scope of Section 264(1) and noted that it confers wide power on the Commissioner to revise any order not prejudicial to the assessee. It categorically held that the —whether from the assessee or the Department—is immaterial. What matters is whether the assessee has suffered .
The Bench observed that the Revenue's argument that no was filed is untenable, as Section 264 is designed precisely to provide a remedy when the time for filing a has expired. It also rejected the distinction between "disallowance" and "voluntary reversal" as semantic, noting that the same sum of Rs 6.85 crore had been taxed twice.
Relying on
, the Court emphasized that Article 265 prohibits levy or retention of tax without authority of law, and that permitting the Revenue to retain the double-collected amount would amount to
"
of the exchequer."
Key Observations
"The authorities discussed hereinabove make it clear that the whether traceable to the assessee or to the Department is wholly immaterial to the exercise of power under Section 264; what is material, is the existence of to the assessee and the consequent duty of the Commissioner to correct it."
"The inevitable consequence of this mechanical rejection has been that the Government continues to retain tax collected twice over on one and the same sum of Rs. 6,85,02,377/-, a state of affairs that results in nothing short of of the exchequer at the cost of the petitioner."
"Section 264, by contrast, occupies an entirely opposite field: it is a ' engrafted for the protection of the assessee'."
Decision of the Court
The High Court set aside the impugned order dated and remanded the matter to the Principal Commissioner for fresh consideration on merits. The Court directed the authority to examine the petitioner's claim in light of the observations made and to decide the application within twelve weeks. The writ petition was allowed with no order as to costs.
This ruling reinforces the principle that tax authorities cannot take advantage of an assessee's inadvertence and must correct even if the mistake originates from the taxpayer. It provides a significant check against and upholds the under Article 265.