https://www.taxtmi.com/caselaws?id=55828 Under section 249(4)(a) of the Income-tax Act, an assessee may be exempted from the precondition of paying tax on returned income before an appeal is admitted where good and sufficient reason exists. Here, the Tribunal noted that the assessee's assets, including seized silver and other property under forfeiture proceedings, were not shown to be immediately realisable, and the agricultural income relied upon was not available for prompt payment of the admitted tax liability. On those facts, the statutory proviso for exemption ought to have been applied. The rejection of the appeal for non-payment of tax on returned income was therefore unjustified, and exemption from compliance was held to be available. en-us Tue, 23 Sep 1980 00:00:00 +0530 Tue, 30 Nov 2010 13:10:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55828 Under section 249(4)(a) of the Income-tax Act, an assessee may be exempted from the precondition of paying tax on returned income before an appeal is admitted where good and sufficient reason exists. Here, the Tribunal noted that the assessee's assets, including seized silver and other property under forfeiture proceedings, were not shown to be immediately realisable, and the agricultural income relied upon was not available for prompt payment of the admitted tax liability. On those facts, the statutory proviso for exemption ought to have been applied. The rejection of the appeal for non-payment of tax on returned income was therefore unjustified, and exemption from compliance was held to be available. Case-Laws Income Tax Tue, 23 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55828