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of <h1>Calculating block period undisclosed income: special return, officer determinations, exclusions, recomputation, and anti-avoidance provisions partner allocations ignored for firms</h1> Total undisclosed income for the block period equals undisclosed income declared in the special return plus undisclosed income determined by the tax officer, excluding income already assessed or returned before search/requisition, certain income computed from books for specified pre- and intra-search periods, and specified exempt incomes; international or specified domestic transactions for the immediate pre-search period are assessed separately. The officer may recompute assessee-computed amounts, and anti-avoidance provisions (sections on unexplained credits, investments, loans, etc.) apply. For firms, partner allocations are ignored in computing firm income. Brought-forward losses and unabsorbed depreciation cannot be set off against block undisclosed income but may be carried forward.
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