Appeal Cannot Be Dismissed for Non-Payment of Advance Tax Where No Taxable Income Exists: ITAT Raipur

Vishnusharan Chandravanshi Vs ITO (ITAT Raipur) The appeal before the Tribunal arose from the order of the Commissioner of Income-Tax (Appeals), National Faceless Appeal Centre (NFAC), dated 12.01.2024, which originated from an ex-parte assessment order passed under Section 144 of the Income-tax Act, 1961 dated 23.11.2019 for Assessment Year 2017–18. The Assessing Officer had made an addition of Rs. 10,00,000 under Section 69A, treating cash deposits made during the demonetization period as unexplained money. Information was received under “Operation Clean Money” that the assessee had de...