https://www.taxtmi.com/caselaws?id=343175 The Tribunal allowed the appeals challenging the levy of late fees under section 234E for delays in filing quarterly TDS statements. It held that prior to 1.6.2015, Assessing Officers were not empowered to charge late fees under section 234E while processing TDS returns. The amendment to section 200A(1) of the Income Tax Act was deemed prospective, and late fees charged before the amendment were considered invalid. The Tribunal deleted the late fees for the appeals related to the 4th quarter of the financial year 2012-13, ruling in favor of the Assessees. en-us Wed, 17 May 2017 00:00:00 +0530 Sat, 20 May 2017 09:03:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343175 The Tribunal allowed the appeals challenging the levy of late fees under section 234E for delays in filing quarterly TDS statements. It held that prior to 1.6.2015, Assessing Officers were not empowered to charge late fees under section 234E while processing TDS returns. The amendment to section 200A(1) of the Income Tax Act was deemed prospective, and late fees charged before the amendment were considered invalid. The Tribunal deleted the late fees for the appeals related to the 4th quarter of the financial year 2012-13, ruling in favor of the Assessees. Case-Laws Income Tax Wed, 17 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343175