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TMI Blog2014 (2) TMI 183X X X X Extracts X X X X X X X X Extracts X X X X ..... 2 to 4. The brief facts of the case are that during the assessment year under consideration (1985-86), the assessee was a partner in the partnership firm, M/s. Ajay Cotton Industries. He was also a trustee in M/s. Naresh Chandra, Children Welfare Trust. On January 17, 1985, a search under section 132(1) of the Income-tax Act was conducted at the premises of various assessees of M/s. Alok Chand G ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... p; "the search and seizure operation under section 132(1) of the Act took place at various premises of Malok Chand Agarwal and the group. The accountant who was looking after the case could not file the necessary evidence as he was busy in other group case also. Under the circumstances, we feel that no effective opportunity has been provided to the assessee to explain its c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it appears that the Income-tax Appellate Tribunal, Delhi, has passed the order on June 27, 2002, where a direction was issued to pass the fresh assessment order, but till date, no order has been passed by the Assessing Officer. Now, after a lapse of considerable time, no assessment order can be passed as the proceedings are time barred. It may be mentioned that in view of the provisions of secti ..... X X X X Extracts X X X X X X X X Extracts X X X X
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