Section 234E Late Fee Invalid for Assessment Years Before 01.06.2015: ITAT

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:

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