Sec. 234E which levies fee for late filing of TDS/TCS returns is constitutionally valid: Madras HC

INCOME TAX: Fees levied under section 234E to ensure that assessee files statement in time, so that department can clear returns of persons connected with assessee i.e. from whom tax has been deducted at source without any delay is not a penalty and is Purely compensatory and; levy is not violative of Constitution

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