2002 (6) TMI 7

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..... in filing of returns being attributable to the Central Bureau of Investigation having seized the account books, does not appear to be a tenable and convincing ground, so as to justify waiver of the penalty and interest. It is noted in the assessment order that the assessee was not found to be maintaining books of account. It was discovered in the survey carried out that the assessee was not maint .....

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..... ders it would appear that the ground taken by the assessee of the delay in filing of returns being attributable to the Central Bureau of Investigation having seized the account books, does not appear to be a tenable and convincing ground, so as to justify waiver of the penalty and interest. It is noted in the assessment order that the assessee was not found to be maintaining books of account. It w .....

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