https://www.taxtmi.com/caselaws?id=412144 The Tribunal allowed the appeals of the assessee, setting aside the orders of the lower authorities regarding the levy of late filing fees under Section 234E of the Income Tax Act. It held that the late fees imposed prior to 01.06.2015 were unsustainable, quashing the demand notices and deleting the late fees levied by the Assessing Officer. The decision emphasized interpreting statutory provisions, distinguishing between retrospective and prospective effects, and applying principles favoring the assessee in the face of conflicting High Court rulings, providing clarity on tax matters. en-us Mon, 31 May 2021 00:00:00 +0530 Sat, 11 Sep 2021 09:55:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412144 The Tribunal allowed the appeals of the assessee, setting aside the orders of the lower authorities regarding the levy of late filing fees under Section 234E of the Income Tax Act. It held that the late fees imposed prior to 01.06.2015 were unsustainable, quashing the demand notices and deleting the late fees levied by the Assessing Officer. The decision emphasized interpreting statutory provisions, distinguishing between retrospective and prospective effects, and applying principles favoring the assessee in the face of conflicting High Court rulings, providing clarity on tax matters. Case-Laws Income Tax Mon, 31 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412144