C I T Vs. NEERAJ RASTOGI

JUDGEMENT

(1.) This appeal under section 260-A of the Income Tax Act has been filed against the judgment and order dated 25.07.2005 passed by the Income Tax Appellate Tribunal, Lucknow in I.T.A.No.811/Lko/2001 for the block period mentioned above.

(2.) A coordinate Bench of this Court vide order dated 06.02.2006 has admitted the appeal on the following substantial questions of law:

(3.) The brief facts of the case are that on 08.07.1999, a search was conducted at various residential and business premises of M/s Jugal Kishore Jewellers Group, wherein the assessee is a partner. During the course of search, several loose papers, cash and jewellery were found and seized.