https://www.taxtmi.com/caselaws?id=468878 Interest under section 234C was examined on advance-tax computation for quarter-wise capital gains and capital losses, including the treatment of brought-forward short-term capital loss from the start of the year and the identification of current-year loss by quarter. The Tribunal also considered whether interest could be levied on interest income from Government securities where tax was deductible at source under section 194LD but was not deducted by the payer. It accepted that the assessee should not be burdened with compensatory interest for the payer's default, and it accepted the use of brought-forward loss from quarter one, subject to limited verification of the quarter-wise working. The matter was remitted for that factual verification. en-us Mon, 10 Feb 2025 00:00:00 +0530 Sun, 24 May 2026 18:57:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468878 Interest under section 234C was examined on advance-tax computation for quarter-wise capital gains and capital losses, including the treatment of brought-forward short-term capital loss from the start of the year and the identification of current-year loss by quarter. The Tribunal also considered whether interest could be levied on interest income from Government securities where tax was deductible at source under section 194LD but was not deducted by the payer. It accepted that the assessee should not be burdened with compensatory interest for the payer's default, and it accepted the use of brought-forward loss from quarter one, subject to limited verification of the quarter-wise working. The matter was remitted for that factual verification. Case-Laws Income Tax Mon, 10 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468878