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Issues involved:
Multiple appeals related to block assessments and protective assessments u/s 132 of the Income-tax Act, 1961, involving undisclosed income determination and subsequent challenges before the Income-tax Appellate Tribunal and the High Court. Block Assessment and Undisclosed Income Determination: The appeals encompassed various assessment years and block periods, stemming from a search u/s 132 on a former minister leading to undisclosed income estimations. The Assessing Officer determined a total undisclosed income of Rs. 5,40,07,340, comprising direct income, related income, and post-search additions. The Tribunal partially allowed the appeal, reducing the undisclosed income to Rs. 65,52,405 in the hands of the minister. Protective Assessments: Protective assessments were made on relatives and associates of the minister, based on investments found in their names but attributed to the minister. These assessments were a consequence of the substantive block assessment on the minister, leading to challenges by the relatives and associates in the appeals. High Court Judgment: The Revenue contested the Tribunal's decision granting substantial relief to the minister, arguing lack of opportunity regarding additional evidence. The High Court set aside the Tribunal's order, directing a fresh assessment by the Assessing Officer considering the additional evidence. Consequently, the block assessment on the minister was remanded for fresh disposal, necessitating a similar reevaluation of the protective assessments in light of the High Court's ruling. Conclusion: All appeals, both by the assessees and the Revenue, were treated as allowed for statistical purposes, with the cases remitted back to the assessing authority for reconsideration in accordance with the High Court's judgment. The substantive block assessment and protective assessments were to be reassessed following the court's directives, ensuring a comprehensive review of the undisclosed income determinations.
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