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2022 (7) TMI 1423 - AT - Income TaxLevy of interest u/s. 234E for filing TDS returns belatedly - intimation u/s. 200A - Scope of provisions of section 234E of the Act was inserted by the Finance Act, 2012 w.e.f. 1.7.2012 - HELD THAT:- As relying on the case of Fatehraj Singhvi [2016 (9) TMI 964 - KARNATAKA HIGH COURT] wherein held that amendment made u/s. 200A providing that fee u/s. 234E of the Act could be computed at the time of processing of return and issue of intimation has come into effect only from 1.6.2015 and had only prospective effect and therefore, no computation of fee u/s. 234E of the Act for delayed filing of return of TDS while processing a return of TDS u/s. 234E of the Act could have been made for tax deducted at source for the assessment years prior to 1.6.2015. All the appeals filed by the assessee are allowed and the interest u/s. 234E as tabulated hereinabove cannot be sustained.Appeals filed by the assessee stands allowed.
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