Undisclosed income beyond block period cannot be taxed

Issue before court: Whether undisclosed income can be taxed in the hands of assessee does not belong to block period. Whether addition can be made relying on undated & unsigned documents seized during search without proper enquiry by AO. Brief Facts: A search and seizure proceedings were conducted on 28.2.2007 in the assessee’s premises. Notice u/s 153 A was issued and assessee filed return in response to notices for the AYs 2002-03, 2003-04, 2004-05, 2005-06. AO made additions of Rs. 3.64 crores and Rs. 20 lakhs, on the basis of some loose papers and chit, alleged to be property rela...