https://www.taxtmi.com/caselaws?id=762670 ITAT AGRA directed CIT(A) to admit the appeal despite assessee not filing return or paying advance tax under Section 249(4)(b). The assessee challenged additions under Section 69A for cash deposits, claiming these were old recoveries from farmers and no income existed as business closed in 2014 after shifting to USA. ITAT held that since the entire assessed income was disputed and assessee had no other taxable income above threshold limits, advance tax liability did not arise on disputed income. The proviso to Section 249(4)(b) allows exemption for good and sufficient reasons, which existed here. Appeal was partly allowed for statistical purposes with directions to CIT(A) to adjudicate on merits after admitting the appeal. en-us Tue, 03 Dec 2024 00:00:00 +0530 Thu, 05 Dec 2024 08:37:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762670 ITAT AGRA directed CIT(A) to admit the appeal despite assessee not filing return or paying advance tax under Section 249(4)(b). The assessee challenged additions under Section 69A for cash deposits, claiming these were old recoveries from farmers and no income existed as business closed in 2014 after shifting to USA. ITAT held that since the entire assessed income was disputed and assessee had no other taxable income above threshold limits, advance tax liability did not arise on disputed income. The proviso to Section 249(4)(b) allows exemption for good and sufficient reasons, which existed here. Appeal was partly allowed for statistical purposes with directions to CIT(A) to adjudicate on merits after admitting the appeal. Case-Laws Income Tax Tue, 03 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762670