https://www.taxtmi.com/caselaws?id=404367 The Tribunal allowed the appeals, deleting the levy of late fees u/s. 234E for the specified assessment years based on the legal interpretation that the Assessing Officer lacked the authority to impose such fees before 1.6.2015. The decision was in line with the precedent set by the Hon'ble Karnataka High Court and previous Tribunal rulings, emphasizing the prospective effect of statutory provisions and the need for compliance with the law's timelines and procedures. en-us Tue, 09 Feb 2021 00:00:00 +0530 Mon, 22 Feb 2021 09:10:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404367 The Tribunal allowed the appeals, deleting the levy of late fees u/s. 234E for the specified assessment years based on the legal interpretation that the Assessing Officer lacked the authority to impose such fees before 1.6.2015. The decision was in line with the precedent set by the Hon'ble Karnataka High Court and previous Tribunal rulings, emphasizing the prospective effect of statutory provisions and the need for compliance with the law's timelines and procedures. Case-Laws Income Tax Tue, 09 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404367