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of <h1>Income Tax Act Section 158BE sets twelve-month time limits for completing block assessments in search cases</h1> Section 158BE of the Income Tax Act establishes time limits for completing block assessments in search cases. Assessment orders must be passed within twelve months from the end of the quarter when the last search authorization or requisition was executed. For other persons referenced in section 158BD, the twelve-month period begins from when notice was issued. Extensions of twelve months apply when transfer pricing references are made, and thirteen months when return filing time is extended. The provision excludes various periods from limitation calculations, including court stays, information exchange requests, audit directions, valuation references, and advance ruling applications. Minimum sixty-day periods are guaranteed after exclusions.
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