https://www.taxtmi.com/caselaws?id=425072 The Tribunal ruled in favor of the assessee, stating that interest under Section 234C cannot be charged on dividend income received in the third and fourth quarters only. The Tribunal found that the old proviso exempting dividend income from such interest if advance tax was paid for the quarters received applied for the relevant assessment year, leading to the allowance of the assessee's appeal. en-us Tue, 12 Jul 2022 00:00:00 +0530 Thu, 14 Jul 2022 23:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425072 The Tribunal ruled in favor of the assessee, stating that interest under Section 234C cannot be charged on dividend income received in the third and fourth quarters only. The Tribunal found that the old proviso exempting dividend income from such interest if advance tax was paid for the quarters received applied for the relevant assessment year, leading to the allowance of the assessee's appeal. Case-Laws Income Tax Tue, 12 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425072