https://www.taxtmi.com/caselaws?id=765285 The Appellate Tribunal determined that the CIT(A)/NFAC erred in dismissing the appeal due to non-payment of advance tax under section 249(4)(b) of the Income Tax Act. The Tribunal held that if the assessee believes no advance tax is due, the appeal should be admitted on its merits. It remanded the case back to CIT(A)/NFAC, instructing them to admit the appeal and allow the assessee to present their case, emphasizing the importance of considering potential deductions that could impact taxable income. The appeal was allowed for statistical purposes, pending substantive adjudication. en-us Mon, 27 Jan 2025 00:00:00 +0530 Wed, 29 Jan 2025 09:00:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765285 The Appellate Tribunal determined that the CIT(A)/NFAC erred in dismissing the appeal due to non-payment of advance tax under section 249(4)(b) of the Income Tax Act. The Tribunal held that if the assessee believes no advance tax is due, the appeal should be admitted on its merits. It remanded the case back to CIT(A)/NFAC, instructing them to admit the appeal and allow the assessee to present their case, emphasizing the importance of considering potential deductions that could impact taxable income. The appeal was allowed for statistical purposes, pending substantive adjudication. Case-Laws Income Tax Mon, 27 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765285