https://www.taxtmi.com/caselaws?id=761704 The Tribunal ruled in favor of the appellant, overturning the imposition of a late fee of Rs. 18,400 under section 234E for the delay in TDS return submission prior to 01.06.2015. It held that the Revenue's authority to levy such fees was only applicable from 01.06.2015, as per the Finance Act, 2015. The Tribunal's decision was based on established legal principles and precedents, emphasizing that the fee imposition was invalid for the period before the specified date. Consequently, the order was pronounced on November 13, 2024, with the Tribunal deleting the late fee and ruling in favor of the assessee. en-us Wed, 13 Nov 2024 00:00:00 +0530 Thu, 14 Nov 2024 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761704 The Tribunal ruled in favor of the appellant, overturning the imposition of a late fee of Rs. 18,400 under section 234E for the delay in TDS return submission prior to 01.06.2015. It held that the Revenue's authority to levy such fees was only applicable from 01.06.2015, as per the Finance Act, 2015. The Tribunal's decision was based on established legal principles and precedents, emphasizing that the fee imposition was invalid for the period before the specified date. Consequently, the order was pronounced on November 13, 2024, with the Tribunal deleting the late fee and ruling in favor of the assessee. Case-Laws Income Tax Wed, 13 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761704