Thursday 31 October 2013

Benefit of confusion due to a Circular and amendment made to Sec. 54EC goes to assessee; sec. 234B i

IT: Where due to confusion created by CBDT circular and amendment made in section 54EC, assessee was under bona fide belief of availing exemption, and did not pay capital gains tax, levy of interest for default in payment of advance tax was to be restricted


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