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

INCOME TAX : Once assessee had paid reassessed tax along with interest under sections 234A, 234B and 234C after reassessment order was passed, assessee could claim waiver of such interest only if case of assessee could be brought within scope of notification issued by Central Board of Direct Taxes vide F. No. 400/234/95-IT(B), dated 23-5-1996.

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000190019/declaring-ltcg-in-itr-instead-of-stcg-isn’t-a-bonafide-case-for-waiver-of-sec-234abc-interest-hc.aspx