Section 234C interest not leviable if Assessee could not have anticipated Income

The only point of dispute by the assessee is that while processing such return under section 143(1) of the Act, interest under section 234C of the Act was levied on account of shortfall in payment of advance tax on first and second installments, due on 15/09/2011 and 15/12/2011, in respect of gift of Rs.10.00 crores claimed to have been received on 17/12/2011. On such deferment in payment of instalmen

Please become a Premium member. If you are already a Premium member, login here to access the full content.