Penalty on late filing of tds/tcs returns

Mohan (Audit Assisstant & Accounts Manager)   (489 Points)

21 October 2014  

Hi everybody,

Bombay High Court had stayed levy of penalty U/s.234E for late filing of TDS/TCS returns in recent past, is there any progress in the case?  What is the verdict?  Because clients are still receiving notices for penalty payable U/s.234E for late filing of TDS/TCS returns.  Whether it is to be paid?  What needs to be done if not yet payable in view of stay by Bombay High Court?