Tds related

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 August 2014 IS THERE ANY LATES UPDATE REGARDING STAY ORDER GIVEN BY HONOURABLE COURT TDS LATE PAYMENT AGAINST SEC.234E

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

17 August 2014 No final decision as yet.

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

Message likes : 1 times

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

17 August 2014 Legality and Validity of section 234E has been challenged in above cases. So if the final judgement is in favour of the petitioner then same will hold good for all.

If section 234E held to be Invalid and Illegal then it can not be only for petitioner. It will be applicable for all.

But if that does not happen you will have to pay fees u/s 234E along with interest since you yourself are not a petitioner.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

17 August 2014 Thax alot sir..it relly vry helpful for me..

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok