Dismissal of appeal for non-payment of self-assessment tax unjustified as no tax was payable due to losses: ITAT Hyderabad

SPR Infrastructure India Limited Vs DCIT (ITAT Hyderabad) ITAT Hyderabad held that dismissal of appeal by CIT(A) on the ground of non-deposition of self-assessment tax by the assessee needs re-verification since assessee incurred losses and therefore has a reason for not depositing the self-assessment tax. Hence, matter remanded. Facts-Assessee company is engaged in execution of infrastructure projects and government contracts. The assessee company had not filed its return of income for A.Y .2011-12 despite having contract receipts to the tune of Rs.33,76,72,960/- as per Form 26AS. Based on th...