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2018 (10) TMI 1960 - AT - Income TaxLate fees u/s 234E read with section 200A - Whether effect of charging late fee u/s. 234E came into existence w.e.f. 01.06.2015? - HELD THAT:- As on perusal of section 234E read with 200A clause (c) of the Act, we find that it specifies that fee, if any, shall be computed in accordance with the provisions of section 234E and this was effective from 1/6/2015; meaning thereby any levy of late fees u/s 234E read with section 200A of the Act can be imposed only from 1/6/2015 onwards. In the instant case of the assessee, for all three quarters i.e. quarter 1, quarter 3 and quarter 4 for assessment year 2015-16, it pertains to financial year 2014-15 i.e. before the provision for charging late fee is coming into effect. Therefore, so far as assessee’s case is concerned, since it is prior to 1/6/2015, there is no question for imposition of late fees under section 234E read with section 200A - We, therefore, set aside the order of ld. CIT(A) and delete late fees levied on the assessee for each of the quarter as mentioned hereinabove for assessment year 2015-16. Appeal of assessee allowed.
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