https://www.taxtmi.com/caselaws?id=395177 The ITAT allowed the appeals filed by the assessees, ruling that the CIT(A) erred in confirming the levy of late fees under section 234E for statements processed under section 200A before the amendment effective from 01.06.2015. The Tribunal directed the Revenue authorities to delete the fees, concluding that the amendment to section 200A was prospective and not retroactive. The decision was consistent with prior judicial precedents favoring the assessees. The order was pronounced on 19.03.2020. en-us Thu, 19 Mar 2020 00:00:00 +0530 Wed, 06 Nov 2024 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395177 The ITAT allowed the appeals filed by the assessees, ruling that the CIT(A) erred in confirming the levy of late fees under section 234E for statements processed under section 200A before the amendment effective from 01.06.2015. The Tribunal directed the Revenue authorities to delete the fees, concluding that the amendment to section 200A was prospective and not retroactive. The decision was consistent with prior judicial precedents favoring the assessees. The order was pronounced on 19.03.2020. Case-Laws Income Tax Thu, 19 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395177