https://www.taxtmi.com/caselaws?id=311020 ITAT Chennai held that fees under section 234E cannot be levied for periods prior to 01/06/2015. The tribunal followed favorable precedents from Kerala HC in United Metals and Sarala Memorial Hospital cases, and Chennai ITAT's decision in DRG Rexine Inc. Applying the SC principle from Vegetable Products Ltd that ambiguous taxing statutes should favor the assessee, the tribunal deleted fees levied for FY 2013-14 and 2014-15, directing CPC/AO to recompute outstanding demand. Appeal decided in favor of assessee. en-us Wed, 26 Oct 2022 00:00:00 +0530 Sun, 03 Dec 2023 18:52:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311020 ITAT Chennai held that fees under section 234E cannot be levied for periods prior to 01/06/2015. The tribunal followed favorable precedents from Kerala HC in United Metals and Sarala Memorial Hospital cases, and Chennai ITAT's decision in DRG Rexine Inc. Applying the SC principle from Vegetable Products Ltd that ambiguous taxing statutes should favor the assessee, the tribunal deleted fees levied for FY 2013-14 and 2014-15, directing CPC/AO to recompute outstanding demand. Appeal decided in favor of assessee. Case-Laws Income Tax Wed, 26 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311020