Subscribe to the Bombay Chartered Accountant Journal Subscribe Now!

November 2024

Section 200A before its amendment by the Finance Act, 2015, w.e.f. 1st June, 2015 did not permit levy of fee under section 234E, for delay in filing quarterly statements, while processing the quarterly statements.

By Jagdish T Punjabi, Chartered Accountant
Devendra Jain & Aditya Bhatt, Advocates
Reading Time 4 mins

52. Dream Design and Display India Pvt. Ltd. vs. DCIT

TS-776-ITAT-2024(Delhi)

ITA Nos. 634 to 639/Del/2024

A.Y.:2013–14

Date of Order: 11th October, 2024

Section: 234F

Section 200A before its amendment by the Finance Act, 2015, w.e.f. 1st June, 2015 did not permit levy of fee under section 234E, for delay in filing quarterly statements, while processing the quarterly statements.

FACTS

In this case, admittedly, the assessee filed quarterly TDS / TCS statements belatedly, i.e., beyond the time limit prescribed under sections 200(3) or 206C(3) as the case may be. The CPC while processing the TDS statements issued intimation / order to the assessee under section 200A of the Act and levied lat

Read More
Download PDF

You May Also Like

The maximum marginal rate is to be computed by taking the maximum rate of income-tax and maximum rate of surcharge applicable in the case of an individual. It is this rate which applies to a private discretionary trust as well. The levy of maximum marginal rate on trust is thus specific anti avoidance rule and therefore, should be given a strict interpretation.

Allotment letter issued by developer constitutes an agreement for the purpose of proviso to section 56(2)(vii)(b).