Illness of authorised signatory justifies second chance: ITAT restores cash-deposit additions to AO

Ramsons Aqua Limited Vs Assessing Officer (ITAT Delhi)

Delhi ITAT  condoned delay &  set aside ex-parte assessments framed u/s 144/147 &  143(3), restoring the matters to the file of AO for fresh adjudication. Tribunal noted that both assessment as well as first appellate proceedings remained uncontested due to serious &  multiple ailments suffered by the authorised signatory of the Assessee, a fact supported by medical evidence. Additions were mainly on account of cash deposits, for which Assessee claimed to posses

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