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Section 234E Late Fee Invalid for Assessment Years Before 01.06.2015: ITAT
Case Law Details
- Case Name
- Marshal Textiles (P) Ltd. Vs ACIT (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Chennai
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Marshal Textiles (P) Ltd. Vs ACIT (ITAT Chennai)
Introduction: The case of Marshal Textiles (P) Ltd. vs ACIT presents an essential debate on the validity of late filing fees under section 234E of the Income Tax Act, 1961, for periods prior to 01.06.2015. ITAT Chennai, through a consolidated order, ruled that the late fee charged for the specified period was invalid, a decision aligned with previous High Court judgments.
Detailed Analysis:
Background:
Late Filing of TDS Returns: Marshal Textiles filed TDS Quarterly returns in Forms 24Q and 26Q beyond the due date for the financial year 2013-14...
