https://www.taxtmi.com/caselaws?id=384805 The High Court upheld the classification of capital gains as short term and denied the waiver of interest under Sections 234A, 234B, and 234C of the Income Tax Act, 1961. The Court found that the assessing officer's decision on the capital gains did not constitute an "unavoidable circumstance" as required by the circular for interest waiver. Consequently, the writ petition was dismissed, and the impugned order was sustained with no costs to the petitioner. en-us Wed, 14 Aug 2019 00:00:00 +0530 Tue, 15 Oct 2019 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384805 The High Court upheld the classification of capital gains as short term and denied the waiver of interest under Sections 234A, 234B, and 234C of the Income Tax Act, 1961. The Court found that the assessing officer's decision on the capital gains did not constitute an "unavoidable circumstance" as required by the circular for interest waiver. Consequently, the writ petition was dismissed, and the impugned order was sustained with no costs to the petitioner. Case-Laws Income Tax Wed, 14 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384805