Advance tax payment provisions doesn’t apply to reassessment proceedings: ITAT Indore

Manoj Kumar Motwani Vs ACIT (ITAT Indore)

ITAT Indore held that rejection of appeal by CIT(A) on the footing of non-payment of advance tax as required by section 249(4)(b) untenable as payment of advance tax is not applicable in case of reassessment proceedings.

Facts- The assessee had deposited cash of Rs. 24,65,550/- in Bank A/c. The notice was issued u/s 148 to undertake proceeding of section 147 against assessee. In response to such notice. Ultimately, the AO passed assessment-order u/s 147 r.w.s. 144 of the Act to the best of his judgement assessing the

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