17 September 2014
No need to pay now. Just file the return.
In a recent order dated 03.07.2014 Hon’ble Odisha High Court has granted stay on the recovery of Late fee charged Under Section 234E of the Income Tax Act,1961.
In Separate cases Hon’ble Bombay, Rajashthan, Kerala and Karnataka High Court has already stayed the Recovery Proceeding U/s. 234E of the Income Tax Act,1961 till the final verdict in the case.
You can see the Judgements from below link: http://taxguru.in/income-tax-case-laws/section-234e-odisha-high-court-stays-recovery-proceeding.html#sthash.aFzu1Zj8.dpuf