https://www.taxtmi.com/caselaws?id=431632 The Tribunal allowed the assessee's appeals against late fee penalties imposed under section 234E for delayed filing of TDS statements. Relying on a Division Bench decision, the Tribunal held that the late fee provisions were prospective from June 1, 2015. In the absence of contrary binding precedents presented by the Revenue, the Tribunal directed the Assessing Officer to delete the penalties in all appeals within the consolidated batch. Consequently, the late fee penalties under section 234E were ordered to be deleted, and the appeals were allowed. The decision was pronounced on December 15, 2022. en-us Thu, 15 Dec 2022 00:00:00 +0530 Sat, 17 Dec 2022 09:17:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431632 The Tribunal allowed the assessee's appeals against late fee penalties imposed under section 234E for delayed filing of TDS statements. Relying on a Division Bench decision, the Tribunal held that the late fee provisions were prospective from June 1, 2015. In the absence of contrary binding precedents presented by the Revenue, the Tribunal directed the Assessing Officer to delete the penalties in all appeals within the consolidated batch. Consequently, the late fee penalties under section 234E were ordered to be deleted, and the appeals were allowed. The decision was pronounced on December 15, 2022. Case-Laws Income Tax Thu, 15 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431632