https://www.taxtmi.com/caselaws?id=753666 ITAT Pune allowed the assessee's appeal against CIT(A)/NFAC's dismissal for non-payment of advance tax under section 249(4)(b). The tribunal held that advance tax under section 249(4)(b) refers to tax payable by the assessee on undisputed admitted income, not assessed tax. Since the assessee's entire tax liability on declared income was already satisfied through TCS, no additional advance tax was required. The matter was remanded to CIT(A)/NFAC for adjudication on merits with directions to provide reasonable hearing opportunity. en-us Wed, 05 Jun 2024 00:00:00 +0530 Fri, 07 Jun 2024 08:14:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753666 ITAT Pune allowed the assessee's appeal against CIT(A)/NFAC's dismissal for non-payment of advance tax under section 249(4)(b). The tribunal held that advance tax under section 249(4)(b) refers to tax payable by the assessee on undisputed admitted income, not assessed tax. Since the assessee's entire tax liability on declared income was already satisfied through TCS, no additional advance tax was required. The matter was remanded to CIT(A)/NFAC for adjudication on merits with directions to provide reasonable hearing opportunity. Case-Laws Income Tax Wed, 05 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753666