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of <h1>Section 158BC requires return filing within sixty days for undisclosed income after search operations</h1> Section 158BC of the Income Tax Act establishes procedures for block assessment following searches under section 132 or requisitions under section 132A. For searches initiated after September 1, 2024, the Assessing Officer must issue notice requiring the person to furnish a return within sixty days showing undisclosed income for the block period. The return is treated as filed under section 139, with no revised returns permitted. Extension of thirty days may be granted under specific audit-related circumstances. The Assessing Officer determines total undisclosed income and passes assessment orders, with seized assets handled per section 132B provisions.
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