Levy of Late Fee u/s 234E is mandatory and can’t be deleted on ground of ‘Reasonable Cause’: ITAT

The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the imposition of late fee under section 234E of the Income Tax Act, 1961 is mandatory and consequential in nature and the same cannot be deleted on the ground of having “reasonable cause” on the part of the assessee for such […]

from Taxscan | Simplifying Tax Laws https://ift.tt/34so1J6