https://www.taxtmi.com/caselaws?id=310176 The HC set aside the Tribunal's decision, which had significantly reduced the undisclosed income attributed to a former minister from Rs. 5,40,07,340 to Rs. 65,52,405. The HC directed a fresh assessment by the Assessing Officer, taking into account additional evidence. Consequently, the substantive block assessment on the minister and related protective assessments on relatives and associates were remanded for reevaluation. All appeals, both by the assessees and the Revenue, were allowed for statistical purposes, requiring a comprehensive reassessment in line with the HC's directives. en-us Wed, 09 May 2012 00:00:00 +0530 Tue, 10 Oct 2023 17:29:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310176 The HC set aside the Tribunal's decision, which had significantly reduced the undisclosed income attributed to a former minister from Rs. 5,40,07,340 to Rs. 65,52,405. The HC directed a fresh assessment by the Assessing Officer, taking into account additional evidence. Consequently, the substantive block assessment on the minister and related protective assessments on relatives and associates were remanded for reevaluation. All appeals, both by the assessees and the Revenue, were allowed for statistical purposes, requiring a comprehensive reassessment in line with the HC's directives. Case-Laws Income Tax Wed, 09 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310176