| Question And Answer | |
|---|---|
| Subject: | Situation of genuine hardship justifying waiver of fee charged under section 234 E of income tax act 1961 regarding |
| Category: | Income-Tax |
| Querist: | Hema |
| Answered by: | Research Team |
| Tags: | fee for default in furnishing statements, hardship |
| Date: | August 6, 2021 |
Dear Sir
Kindly let me know the status of this CBDT Letter No. F.No 275 / 27 / 2013 – IT (B) dt. 2.8.2016
Regards,
Hema
LETTER F.NO.275/27/2013-IT(B), DATED 2-8-2016
The Board is examining the desirability and expediency of prescribing situation/circumstances under which levy of fee under section 234E may cause genuine hardship to the taxpayers, so as to prescribe guidelines for waiver of such fees by virtue of the powers of the Board under section 119(2)(a) of the Income-tax Act, 1961.
2. In this connection, I am directed to request you to kindly forward your suggestions and recommendations for conditions/circumstances which justify waiver of fee under section 234E for an assessee or a class of assessees. These may kindly be furnished by 31-8-2016.
We are not able to get any further clarification on the issue . The assessee may email to Mr .S.R.Wadwa Chairman , Direct Taxes Representation Committee of the All India Federation of Tax Practioners (AIFTP ) who may take up the issue with Board . His emai. wadhwasr@hotmail.com