Late fee u/s 234E leviable prospectively from 01.06.2015

Envision Landmarks LLP Vs TDS (ITAT Pune) ITAT Pune held that late fees u/s 234E of the Income Tax Act can be levied only prospectively with effect from 01.06.2015. Facts- The Assistant Commissioner of Income Tax, (CPC-TDS), Ghaziabad issued an intimation u/s 200A r.w.s. 154 of the Income Tax Act, 1961 for A.Y. 2014-15 levying a late fee under the provisions of section 234E. Being aggrieved by the above intimation, an appeal was filed before the NFAC. The NFAC dismissed the appeal on the ground that the assessee had failed to demonstrate sufficient and reasonable cause for delay in filing the ...