Non-Payment of Advance Tax Makes S.249(4)(b) of Income Tax Act Inapplicable: ITAT

Non-Payment of Advance Tax Makes S. 249(4)(b) of Income Tax Act Inapplicable: ITAT The Income Tax Appellate Tribunal (ITAT) has ruled that Section 249(4)(b) of the Income Tax Act, which pertains to the condonation of delay in filing appeals, becomes inapplicable if there has been a non-payment of advance tax. This decision highlights the importance of timely compliance with advance tax obligations. The tribunal indicated that taxpayers who fail to pay advance tax as required may not be eligible for certain procedural relaxations or condonations of delay in appellate proceedings, emphasizing financial discipline.