High Court Overturns CIT Decision: Late Fee Payment Rectifies Non-Compliance u/s 264, Favoring Assessee.

High Court Overturns CIT Decision: Late Fee Payment Rectifies Non-Compliance u/s 264, Favoring Assessee. https://www.taxtmi.com/highlights?id=28170 Revision u/s 264 in favor of assessee - Commissioner has rejected the revision petition u/s 264 on the ground of that the Petitioner did not comply with the mandatory requirement of payment of prescribed fees - the petitioner paid the requisite fee, though belatedly and thus cured the irregularity - order of CIT is not sustainable - HC en-us Tue, 29 Mar 2016 12:42:56 +0530 Tue, 29 Mar 2016 12:42:56 +0530 TaxTMI RSS Generator High Court Overturns CIT Decision: Late Fee Payment Rectifies Non-Compliance u/s 264, Favoring Assessee. https://www.taxtmi.com/highlights?id=28170 Revision u/s 264 in favor of assessee - Commissioner has rejected the revision petition u/s 264 on the ground of that the Petitioner did not comply with the mandatory requirement of payment of prescribed fees - the petitioner paid the requisite fee, though belatedly and thus cured the irregularity - order of CIT is not sustainable - HC Highlights Income Tax Tue, 29 Mar 2016 12:42:56 +0530 https://www.taxtmi.com/highlights?id=28170