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High Court Reduces 80% Interest Due to Taxpayer's Genuine Misunderstanding u/s 54EC and Section 234B.

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....Waiver of Interest u/s 234B - default in payment of advance tax - bonafide belief - Failure to comply with the conditions of section 54EC for claiming exemption from capital gains - it is case of bonafide belief - Interest waived to the extent of 80% - HC....

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