https://www.taxtmi.com/caselaws?id=759992 The ITAT Chennai upheld the levy of fees under section 234E for late filing of TDS returns for AYs 2013-14 and 2014-15. The Tribunal concluded that section 234E is a substantive provision independent of section 200A(1)(c), which merely prescribes a recovery mechanism. The Tribunal dismissed the assessee's appeals, affirming the imposition of late fees, and highlighted that the liability arises from the failure to timely deliver TDS statements. The decision considered conflicting judicial interpretations and supported the revenue's stance, aligning with decisions from other High Courts favoring the imposition of late fees. en-us Wed, 09 Oct 2024 00:00:00 +0530 Fri, 11 Oct 2024 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759992 The ITAT Chennai upheld the levy of fees under section 234E for late filing of TDS returns for AYs 2013-14 and 2014-15. The Tribunal concluded that section 234E is a substantive provision independent of section 200A(1)(c), which merely prescribes a recovery mechanism. The Tribunal dismissed the assessee's appeals, affirming the imposition of late fees, and highlighted that the liability arises from the failure to timely deliver TDS statements. The decision considered conflicting judicial interpretations and supported the revenue's stance, aligning with decisions from other High Courts favoring the imposition of late fees. Case-Laws Income Tax Wed, 09 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759992