https://www.taxtmi.com/caselaws?id=293088 The Tribunal allowed the appeal, ruling in favor of the assessee and ordering the deletion of the interest levied under section 234C of the Income Tax Act for deferment in payment of advance tax due to unforeseeable income from a gift received after the specified dates. The Tribunal emphasized the unique circumstances of the case, distinguishing it from precedents involving business receipts and holding that the inability to estimate income absolved the assessee from interest liability. en-us Wed, 13 Jul 2016 00:00:00 +0530 Thu, 25 Nov 2021 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293088 The Tribunal allowed the appeal, ruling in favor of the assessee and ordering the deletion of the interest levied under section 234C of the Income Tax Act for deferment in payment of advance tax due to unforeseeable income from a gift received after the specified dates. The Tribunal emphasized the unique circumstances of the case, distinguishing it from precedents involving business receipts and holding that the inability to estimate income absolved the assessee from interest liability. Case-Laws Income Tax Wed, 13 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293088