Section 249(4)(b) can’t Bar Appeal When No Advance Tax Payable: ITAT Pune

Ambai Gramin Bigarsheti Sah Pat Sanstha Maryadit Vs ITO (ITAT Pune) Tribunal: Section 249(4)(b) Cannot Bar Appeal When No Advance Tax Payable – Assessee Gets Another Chance Pune Tribunal has held that dismissal of appeal u/s 249(4)(b) is not justified where the assessee had no tax liability in the preceding year. Tribunal remanded the issue of addition u/s 69A to AO for fresh adjudication. Assessee, a cooperative society, did not file its return of income. AO, in best judgment assessment u/s 144, treated cash deposits of ₹10.86 lakh in bank accounts as unexplained u/s 69A. On appeal, CIT(A...