Appeal Not Dismissible for Non-Payment of Advance Tax if Income Below Taxable Limit

Lakhmi Chand Vs ITO (ITAT Agra) Appeal Cannot Be Dismissed for Non-Payment of Advance Tax When Income Below Taxable Limit – Case Restored to CIT(A): ITAT Agra Agra Bench of Tribunal dealt with the dismissal of an appeal by CIT(A) on the technical ground of non-payment of advance tax u/s 249(4)(b). Assessee had deposited ₹63.32 lakh during demonetization in HDFC & Yes Bank accounts. He neither filed return u/s 139 nor complied with notices u/s 142(1). Consequently, the AO completed best judgment assessment u/s 144 & added the entire deposits as unexplained money u/s 69A r.w.s. 1...