https://www.taxtmi.com/caselaws?id=62433 The Appellate Tribunal ITAT Cuttack allowed the appeal, finding in favor of the assessee due to genuine reasons for the delay in paying the admitted tax under section 249(4) of the IT Act, 1961. The Tribunal held that the assessee's prompt payment upon becoming aware of the requirement and ignorance of the new provision were valid reasons to exempt the assessee from the operation of the section. It directed the AAC to admit and dispose of the appeal without further written application for condoning the delay. en-us Thu, 16 Mar 1978 00:00:00 +0530 Wed, 19 Jan 2011 18:05:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62433 The Appellate Tribunal ITAT Cuttack allowed the appeal, finding in favor of the assessee due to genuine reasons for the delay in paying the admitted tax under section 249(4) of the IT Act, 1961. The Tribunal held that the assessee's prompt payment upon becoming aware of the requirement and ignorance of the new provision were valid reasons to exempt the assessee from the operation of the section. It directed the AAC to admit and dispose of the appeal without further written application for condoning the delay. Case-Laws Income Tax Thu, 16 Mar 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62433