Looted amount of Assessee recovered from Police after completion of Search operations cannot be taxed under block assessment

HIGH COURT OF ALLAHABAD Commissioner of Income-tax-II, Agra Versus Nirankar Nath Mittal IT APPEAL NOS. 47 OF 2003 & 50 OF 2012† NOVEMBER 8, 2012 ORDER 1. The income tax appeal no.47 of 2003 under section 260A of the Income Tax Act, 1961 (the Act) arises out of the judgment and order dated 18.9.2002 passed by the Income Tax Appellate Tribunal in ITA No. 6001/Del/96, relating to block period from 25.8.1984 to 26.10.1995. 2. The connected Income Tax Appeal No.50 of 2012, under section 260A of the Act arises out of the judgment and order dated 10.6.2002 passed by the Income...