Section 249(4)(b) mandates that appeal not to be admitted unless advance tax is paid: ITAT Ahmedabad

DCIT Vs Nagin A. Vaghela (ITAT Ahmedabad) ITAT Ahmedabad held that in spite of substantial unaccounted income the return was not filed hence as per provisions section 249(4)(b) of the Income Tax Act no appeal shall be admitted unless the advance tax owed has been paid. Facts- AO observed that there was substantial undisclosed income, as the assessee admitted to unaccounted business income amounting to Rs.3,50,04,000/- during the search proceedings but did not file a return for the assessment year 2014-15. This led to several penalties being initiated for concealment of income by the Assessing ...