SECTION 234E OF THE INCOME-TAX ACT, 1961 - DEDUCTION OF TAX AT SOURCE - DEFAULT IN FURNISHING STATEMENTS - FEE FOR - SITUATION OF GENUINE HARDSHIP JUSTIFYING WAIVER OF FEE CHARGED UNDER SECTION 234E
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.