MAROOFALI I SHAIKH ,BAGALKOT vs. INCOME TAX OFFICER, WARD-1 & TPS, BAGALKOT
In the result, the appeal filed by the assessee is partly allowed for statistical purposes
ITA 981/BANG/2024[2015-16]Status: DisposedITAT Bangalore14 Oct 2024AY 2015-16
Bench: Shri Laxmi Prasad Sahu & Shri Keshav Dubeyassessment Year: 2015-16
For Appellant: Sri Ravishankar, A.RFor Respondent: Sri V. Parithivel, D.R
Section 249(4)Section 249(4)(b)Section 250Section 69A
provisions, we can safely say that firstly for the purposes of payment of Advance tax, the assessee shall first estimate his current income (Section 290(1)(a) of the Act), secondly the advance tax shall be payable during the financial year where the amount of tax payable is Rs.10