Dismissal of appeal by CIT(A) unjustified as reason for non-payment of advance tax amount explained: ITAT Bangalore

Banyan Tree Diagnositc and Research Centre Vs ITO (ITAT Bangalore) ITAT Bangalore held that dismissal of appeal by CIT(A) for non-payment of an amount equal to the amount of advance tax unjustified as assessee has explained good and sufficient reason for not paying the amount. Facts- Assessee is a partnership firm. AO found that out of the total cash deposited in the account during the financial year 2016-17 amounting to Rs. 96,61,125/- the total deposit made during the demonetisation period was only Rs. 23,29,530/-. AO completed the assessment on a total income of Rs. 29,16,057/- u/s 144 of t...