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2012 (7) TMI 559 - HC - Income TaxBlock assessment Order u/s 158BC r.w.s. 143(3) - jewellery, silver utensils and cash amounting were seized during search - assessee submitted that the articles belong to third party & are covered under the Voluntary Disclosure of Income Scheme, 1997 - Held that:- Mere declaration by third parties may not be sufficient unless the assessee also establishes as to how the items in question reached the assessee from third parties and consequentially found in his possession at the time of search - entire issue was restored to the file of the AO but the petitioner, instead of attending the hearing before the AO and producing the necessary evidence in support of his claim, filed the present petition in the Court - as the adjudication proceedings consequent to the order of the ITAT are pending before the AO it is desirable that assessee should attend the personal hearing as and when the matter is fixed for hearing by the AO - in favour of revenue.
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