https://www.taxtmi.com/caselaws?id=434820 The tribunal allowed all appeals filed by the assessee against the late fee levied under section 234E for the assessment year 2015-16. The tribunal held that the late fees under section 234E can only be levied prospectively from 01.06.2015, based on the retrospective application clarified by the Hon'ble Karnataka High Court. Consequently, the late fees imposed under section 234E were directed to be deleted by the ACIT in all five consolidated appeals. en-us Wed, 01 Mar 2023 00:00:00 +0530 Sat, 04 Mar 2023 07:28:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434820 The tribunal allowed all appeals filed by the assessee against the late fee levied under section 234E for the assessment year 2015-16. The tribunal held that the late fees under section 234E can only be levied prospectively from 01.06.2015, based on the retrospective application clarified by the Hon'ble Karnataka High Court. Consequently, the late fees imposed under section 234E were directed to be deleted by the ACIT in all five consolidated appeals. Case-Laws Income Tax Wed, 01 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434820