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of <h1>Section 158B defines 'block period', 'undisclosed income', and timing of last authorisation for special assessment procedures in searches</h1> Section 158B defines terms for special assessment procedure in search cases: 'block period' covers the previous years relevant to six assessment years preceding the previous year in which a search under section 132 or requisition under section 132A is initiated and includes the period from April 1 of that previous year until execution of the last authorisation; 'undisclosed income' encompasses money, bullion, jewellery, virtual digital assets or other valuables, expenditures, or entries/transactions that represent wholly or partly income or property not disclosed under the Act, and incorrect claims of expense, exemption, deduction or allowance for the block period. The last authorisation is deemed executed on conclusion of the last panchnama for searches or on actual receipt of records for requisitions.
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