https://www.taxtmi.com/caselaws?id=293658 The ITAT Mumbai set aside the orders of the authorities below and ruled in favor of the assessee in a case concerning the levy of late fee under section 234E before 01.06.2015. The tribunal applied a construction favoring the assessee, relying on the Karnataka High Court decision and principles from the Supreme Court's Vegetable Products Ltd. case. With no conflicting decision from the jurisdictional High Court, the ITAT Mumbai allowed the appeal, emphasizing the importance of interpreting laws in favor of the assessee when multiple interpretations exist. en-us Fri, 17 Jul 2020 00:00:00 +0530 Tue, 23 Feb 2021 09:10:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293658 The ITAT Mumbai set aside the orders of the authorities below and ruled in favor of the assessee in a case concerning the levy of late fee under section 234E before 01.06.2015. The tribunal applied a construction favoring the assessee, relying on the Karnataka High Court decision and principles from the Supreme Court's Vegetable Products Ltd. case. With no conflicting decision from the jurisdictional High Court, the ITAT Mumbai allowed the appeal, emphasizing the importance of interpreting laws in favor of the assessee when multiple interpretations exist. Case-Laws Income Tax Fri, 17 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293658