https://www.taxtmi.com/caselaws?id=361079 The Tribunal overturned the decision of the CIT(A) and canceled the late filing fee imposed under section 234E of the Income Tax Act for TDS returns/statements filed up to 31.03.2015. Relying on precedents and emphasizing prospective interpretation of statutory amendments, the Tribunal favored the assessees' contention that no late fee could be imposed for filings before the relevant enabling clause was inserted. The appeals of the assessees were allowed, highlighting the importance of legal interpretation and adherence to specific provisions of the Income Tax Act. en-us Wed, 23 May 2018 00:00:00 +0530 Tue, 29 May 2018 09:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361079 The Tribunal overturned the decision of the CIT(A) and canceled the late filing fee imposed under section 234E of the Income Tax Act for TDS returns/statements filed up to 31.03.2015. Relying on precedents and emphasizing prospective interpretation of statutory amendments, the Tribunal favored the assessees' contention that no late fee could be imposed for filings before the relevant enabling clause was inserted. The appeals of the assessees were allowed, highlighting the importance of legal interpretation and adherence to specific provisions of the Income Tax Act. Case-Laws Income Tax Wed, 23 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361079