TaxTMI 
TaxTMI 
2015 (11) TMI 1199
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....arises for consideration in all these appeals, we heard these appeals together and disposing the same by this common order. 2. The only issue arises for consideration in all these appeals is with regard to levy of fee under Section 234E of the Income-tax Act, 1961 (in short 'the Act'), while processing the statement furnished by the assessee under Section 200A of the Act. 3. We heard the Ld.counsel for the assessee and the Ld. Departmental Representative. The only contention of the Ld. D.R. is that Section 234E of the Act was introduced with effect from 01.07.2012 which enables the Assessing Officer to levy fee when the assessee fails to deliver the statement within the time prescribed under Section 200(3) of the Act. 4. After co....
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....l be computed after making the following adjustments, namely :- (i) any arithmetical error in the statement ; or (ii) an incorrect claim, apparent from any information in the statement ; (b) the interest, if any, shall be computed on the basis of the sums deductible as computed in the statement ; (c) the sum payable by, or the amount of refund due to, the deductor shall be determined after adjustment of amount computed under clause (b) against any amount paid under section 200 and section 201, and any amount paid otherwise by way of tax or interest ; (d) an intimation shall be prepared or generated and sent to the deductor specifying the sum determined to be payable by, or the amount of refund due to, him under clause (c) ; and ....
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....e substituted with effect from the 1st day of June, 2015, namely:- "(c) the fee, if any, shall be computed in accordance with the provisions of section 234E; (d) the sum payable by, or the amount of refund due to, the deductor shall be determined after adjustment of the amount computed under clause (b) and clause (c) against any amount paid under section 200 or section 201 or section 234E and any amount paid otherwise by way of tax or interest or fee; (e) an intimation shall be prepared or generated and sent to the deductor specifying the sum determined to be payable by, or the amount of refund due to, him under clause (d); and (f) the amount of refund due to the deductor in pursuance of the determination under clause (d) shall be grant....