Tribunal Rules Late Fee Demand Invalid for Unsubmitted Tax Return u/s 70, Rule 7C of Finance Act 1994.

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....Recovery of late fee u/s 70 of the FA, 1994 read with Rule 7C of the Rules - late filing of return - appellant had finished filing of he returns upto the stage of ‘Save’ status - electronic-submission thereof was effected - returns had been prepared in the system but, only not submitted, demand cannot be raised - AT....