1987 (5) TMI 63

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.... behalf of the assessee-deity under the Compulsory Deposit Scheme (Income Tax Payers) Act, 1974 (hereinafter referred to as 'the Act'). As such the ITO initiated proceedings under s. 10 of the Act. An explanation was filed on behalf of the deity. But the ITO did not accept the explanation and imposed a penalty of Rs. 303. The appeal against the said penalty order was dismissed by the AAC. Being ag....

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....n of the materials on record, facts and circumstances of the case, we find that the AAC dealt with the assessee-deity's objection as to the age of the deity. But it is quite apparent that the AAC did not consider the assessee-deity's objection as to the reasonable cause leading to failure to make the compulsory deposit due to the death of the managing shebait Jogendra Nath Naskar. The said shebait....