https://www.taxtmi.com/caselaws?id=777947 ITAT held the appellate bench erred in dismissing the assessee's appeal under s.249(4)(b) for failure to pay advance tax, ruling that advance tax liability must be based on a realistic estimate of expected income (from known sources or prior returns) and cannot be premised on disputed assessment additions. Noting the assessee had been prevented by sufficient cause from appearing and contended no proceeds were received from the disputed transaction, ITAT set aside the CIT(A) order and restored the matter to the AO for fresh decision; appeal allowed for statistical purposes. en-us Thu, 28 Aug 2025 00:00:00 +0530 Mon, 08 Sep 2025 13:37:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777947 ITAT held the appellate bench erred in dismissing the assessee's appeal under s.249(4)(b) for failure to pay advance tax, ruling that advance tax liability must be based on a realistic estimate of expected income (from known sources or prior returns) and cannot be premised on disputed assessment additions. Noting the assessee had been prevented by sufficient cause from appearing and contended no proceeds were received from the disputed transaction, ITAT set aside the CIT(A) order and restored the matter to the AO for fresh decision; appeal allowed for statistical purposes. Case-Laws Income Tax Thu, 28 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777947