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Declaring LTCG in ITR instead of STCG isn’t a bonafide case for waiver of sec. 234A/B/C interest: HC

August 20, 2019[2019] 108 257 (Madras)/[2019] 417 ITR 529 (Madras)

INCOME TAX: Assessee would be liable to pay interest on delay in payment of tax due to disclosure of short term capital gains as long term capital gains, even though he was under bona fide belief that transaction entered into by him had yielded only long term capital gains
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