https://www.taxtmi.com/caselaws?id=765119 The Tribunal addressed the imposition of fees under Section 234E of the Income-tax Act for late TDS return filings. For returns processed before June 1, 2015, the Tribunal found the fees unjustified due to the prospective nature of the amendment to Section 200A, thus overturning the imposed fees. For returns processed after the amendment, the Tribunal upheld the fees, confirming the Revenue's authority post-amendment, and directed precise computation of penalties from the amendment date to the processing date. The Tribunal emphasized the principle of prospective application of statutory amendments. en-us Thu, 23 Jan 2025 00:00:00 +0530 Sat, 25 Jan 2025 08:26:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765119 The Tribunal addressed the imposition of fees under Section 234E of the Income-tax Act for late TDS return filings. For returns processed before June 1, 2015, the Tribunal found the fees unjustified due to the prospective nature of the amendment to Section 200A, thus overturning the imposed fees. For returns processed after the amendment, the Tribunal upheld the fees, confirming the Revenue's authority post-amendment, and directed precise computation of penalties from the amendment date to the processing date. The Tribunal emphasized the principle of prospective application of statutory amendments. Case-Laws Income Tax Thu, 23 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765119