https://www.taxtmi.com/caselaws?id=416018 The Tribunal held that the imposition of late fees under Section 234E of the Income-tax Act, 1961, for periods before 01.06.2015 was not sustainable as the provision for computing and levying this fee through Section 200A was introduced only from 01.06.2015. Relying on the Karnataka High Court's decision, the Tribunal ruled that any demand for late fees before the effective date of the amendment lacked legal basis. Consequently, the Tribunal favored the assessee and allowed the appeals, emphasizing that fees paid under protest could not be refunded based on the prospective application of the ruling. en-us Fri, 17 Dec 2021 00:00:00 +0530 Mon, 20 Dec 2021 09:24:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416018 The Tribunal held that the imposition of late fees under Section 234E of the Income-tax Act, 1961, for periods before 01.06.2015 was not sustainable as the provision for computing and levying this fee through Section 200A was introduced only from 01.06.2015. Relying on the Karnataka High Court's decision, the Tribunal ruled that any demand for late fees before the effective date of the amendment lacked legal basis. Consequently, the Tribunal favored the assessee and allowed the appeals, emphasizing that fees paid under protest could not be refunded based on the prospective application of the ruling. Case-Laws Income Tax Fri, 17 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416018