https://www.taxtmi.com/caselaws?id=757837 ITAT Delhi allowed the assessee's appeal for statistical purposes, ruling that the appeal was maintainable before CIT(A) despite Revenue's contention of non-compliance with Section 249(4)(b) regarding advance tax payment. The Tribunal found Revenue's objection based on misappreciation of facts, where AO wrongly treated property purchase as sale, leading to erroneous additions. Matter remanded to AO for fresh determination with directions to consider assessee's evidence and explanations, and pass a speaking order in accordance with law. en-us Thu, 01 Aug 2024 00:00:00 +0530 Tue, 03 Sep 2024 08:26:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757837 ITAT Delhi allowed the assessee's appeal for statistical purposes, ruling that the appeal was maintainable before CIT(A) despite Revenue's contention of non-compliance with Section 249(4)(b) regarding advance tax payment. The Tribunal found Revenue's objection based on misappreciation of facts, where AO wrongly treated property purchase as sale, leading to erroneous additions. Matter remanded to AO for fresh determination with directions to consider assessee's evidence and explanations, and pass a speaking order in accordance with law. Case-Laws Income Tax Thu, 01 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757837