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2002 (6) TMI 7 - DELHI HIGH COURTWaiver of penalty - interference with the orders passed under section 273A From a perusal of these orders 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 was discovered in the survey carried out that the assessee was not maintaining books of account. Rather the delay in filing is stated to be on account of making the accounts at its own convenience. As regards the seizure of books of account by the Central Bureau of Investigation, it is urged that if the assessee was earnest, he could have obtained inspection of the seized books and records and taken details and filed returns. - Moreover, in view of the limited scope of interference with the orders passed under section 273A of the Income-tax Act, 1961, no ground is made out to interfere in the exercise of writ jurisdiction.
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