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of <h1>Section 158BD transfers undisclosed income assessments to appropriate jurisdictional officers when seized materials relate to third parties</h1> Section 158BD of the Income Tax Act, 1961 addresses undisclosed income belonging to persons other than those subject to search or requisition proceedings. When an Assessing Officer determines that seized assets, documents, or information relate to a third party, these materials must be transferred to the appropriate jurisdictional officer for assessment under Section 158BC. The provision establishes block period rules based on the original search subject and specifies that abatement calculations reference the date materials were received by the new assessing officer rather than the original search date.
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