No Section 234E late fee for default committed before 01.06.2015

Mhetre packaging Pvt. Ltd. Vs ACIT (ITAT Pune) It is observed that fees for default in furnishing the statements has been imposed on the assessee u/s.234E of the Act for the 2nd and 3rd quarters of the financial year 2012-13. Section 200A deals with processing of statements of tax deducted at source. Clause (c) of section 200A(1) was inserted by the Finance Act 2015 w.e.f. 01-06-2015 providing for the levy of fee u/s.234E of the Act. In that view of the matter, such fee u/s.234E can be levied only for the default committed after 01-06-2015 and not prior to that. FULL TEXT OF THE ORDER OF ITAT ...