Interest u/s 234E cannot be levied in respect of TDS returns filed prior to 1.6.2015

M/s. Terra Infra Development Limited Vs ITO (ITAT Hyderabad) Provisions for levy of fee in certain cases has been brought into the Statute book w.e.f. 1.7.2012, it has been brought under the purview of section 200A only w.e.f. 1.6.2015. Therefore, as rightly held by the Coordinate Bench in the case of M/s. Sonalac Paintings & Coatings Ltd, we hold that the interest u/s 234E cannot be levied in respect of TDS returns filed prior to 1.6.2015. FULL TEXT OF THE ITAT JUDGMENT Both are assessee’s appeals for the A.Ys 2013-14 & 2014-15 respectively against the order of the CIT (A)-8, Hyder...