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Advance Tax Not Payable If Assessee is Above Age of 60 Years having No Business Income: ITAT [Read Order]

By Fathima Karama A.M - On March 14, 2023 7:00 pm - 2 mins read

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the advance tax would not be payable by the assessee if he is above 60 years having no business income. An information was received that the Assessee Vikram Singh,sold an immovable property during the FY 2009.The Assessee did not furnish return of income under…