https://www.taxtmi.com/caselaws?id=755436 ITAT Pune held that late fee under section 234E cannot be levied for periods prior to 01.06.2015. The tribunal found that amendment to section 200A providing mechanism for computing late fee was effective only from 01.06.2015. Following Karnataka HC precedent, the tribunal ruled that section 234E provisions are substantive in nature and can only be applied prospectively. Notices under section 200A for fee computation relating to tax deducted before 01.06.2015 were set aside, deciding in favor of the assessee. en-us Wed, 10 Jul 2024 00:00:00 +0530 Fri, 12 Jul 2024 08:37:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755436 ITAT Pune held that late fee under section 234E cannot be levied for periods prior to 01.06.2015. The tribunal found that amendment to section 200A providing mechanism for computing late fee was effective only from 01.06.2015. Following Karnataka HC precedent, the tribunal ruled that section 234E provisions are substantive in nature and can only be applied prospectively. Notices under section 200A for fee computation relating to tax deducted before 01.06.2015 were set aside, deciding in favor of the assessee. Case-Laws Income Tax Wed, 10 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755436