https://www.taxtmi.com/caselaws?id=461875 Tribunal resolved a key tax law issue regarding retrospective application of late fee under section 234E of Income Tax Act. After analyzing conflicting HC judgments, the Tribunal held that late fee can only be levied prospectively from 01.06.2015, not retrospectively. Following the principle of favoring the assessee in conflicting judicial decisions, the Tribunal ordered deletion of late fees for pre-amendment TDS statement defaults. en-us Fri, 29 Apr 2022 00:00:00 +0530 Mon, 05 May 2025 09:34:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461875 Tribunal resolved a key tax law issue regarding retrospective application of late fee under section 234E of Income Tax Act. After analyzing conflicting HC judgments, the Tribunal held that late fee can only be levied prospectively from 01.06.2015, not retrospectively. Following the principle of favoring the assessee in conflicting judicial decisions, the Tribunal ordered deletion of late fees for pre-amendment TDS statement defaults. Case-Laws Income Tax Fri, 29 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461875