No Appeal Dismissal u/s 249(4)(b) Without Advance Tax Liability: ITAT Hyderabad

Shri Natraj Challa Vs ITO (ITAT Hyderabad) ITAT Hyderabad: Appeal Cannot Be Dismissed u/s 249(4)(b) Without Advance Tax Liability; Demonetisation Cash Deposits to Be Examined as Business Receipts In this case, the assessee, engaged in a medical agency business, had not filed a return and cash deposits (including during demonetisation) led to additions under section 69A and estimation of income @8% by the AO. The CIT(A) dismissed the appeal in limine under section 249(4)(b) on the ground that no return was filed and advance tax was not paid. The ITAT held that section 249(4)(b) applies only whe...