TaxTMI 
TaxTMI 
2010 (1) TMI 911
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.... filed by the assessee is directed against the order dated 10th October, 2008 of the CIT(A)-XXVII, Mumbai relating to assessment year 2005-06. 2. There is a delay of 33 days in filing of the appeal by the assessee. An affidavit has been filed explaining the reasons for condonation of delay wherein it has been mentioned that Mr. Ramesh Chandra Agarwal who was one of the directors and look....
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....er of the AO without fully and properly appreciating the fact of the case. 3. Without prejudice to ground No. 1 and on the facts and in the circumstances of the case and in law, the learned CIT(A) erred in confirming the action of the AO in treating the amount of Rs.22729045/- as unexplained cash credit u/s.68 of the IT Act, 1961. 4. Without prejudice to ground No. 1 and on the....
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....d that the assessee's business is closed at present and the office premises of the assessee was sealed by the bank and therefore, no books of account were available with the assessee. It was further submitted that due to various actions taken by the Excise Department, Mr. Ramesh Chandra Agarwal, the director of the assessee company was put behind bars for a month. Mr. Ramesh Chandra Agarwal also m....
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....th October, 2008. The fact of his ill health was also before the Assessing Officer who has mentioned the same in the assessment order. We, therefore, are of the considered opinion that there was a reasonable cause on the part of the assessee for non appearance before the CIT(A). Since the office premises was sealed by the bank and Shri Ramesh Chandra Agarwal was put behind bars due to excise duty ....