https://www.taxtmi.com/caselaws?id=426343 The tribunal held that interest under section 234C should not be charged on capital gains arising in the fourth quarter if advance tax is paid by the 31st of March. The appeal was allowed, and the interest amounting to Rs. 12,31,304/- was deleted. The rejection of the rectification application under section 154 was deemed unjustified, and the National Faceless Appeal Centre's endorsement of CPC Bangalore's decision was overturned. The order was pronounced on 10th August 2022. en-us Wed, 10 Aug 2022 00:00:00 +0530 Sat, 13 Aug 2022 08:07:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426343 The tribunal held that interest under section 234C should not be charged on capital gains arising in the fourth quarter if advance tax is paid by the 31st of March. The appeal was allowed, and the interest amounting to Rs. 12,31,304/- was deleted. The rejection of the rectification application under section 154 was deemed unjustified, and the National Faceless Appeal Centre's endorsement of CPC Bangalore's decision was overturned. The order was pronounced on 10th August 2022. Case-Laws Income Tax Wed, 10 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426343