Section 234E Late Fee Invalid Before June 2015: ITAT Pune

Ram Refrigeration & Electronics Pvt. Ltd Vs ITO (ITAT Pune)

In a significant ruling for taxpayers, the Income Tax Appellate Tribunal (ITAT) Pune Bench has declared that the levy of late fees under Section 234E of the Income Tax Act, 1961, for belatedly furnished TDS (Tax Deducted at Source) returns is invalid if the returns were processed prior to June 1, 2015. This decision, stemming from a batch of four appeals filed by Ram Refrigeration & Electronics Pvt. Ltd. against orders from the Commissioner of Income Tax (Appeals)/NFAC, Delhi, provides relief to numerous assessees

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