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of <h1>Assessing Officer Must Issue Notice for Income Return within 60 Days in Search Cases, No Late or Revised Returns Allowed.</h1> In cases of search or requisition, the Assessing Officer must issue a notice requiring the person involved to submit a return of total income, including undisclosed income, within a specified period not exceeding sixty days. This return is treated as if furnished under section 263, with subsequent notices issued under section 270(8). Returns submitted late are not considered under section 259, and no revised returns are permitted. The Officer determines the total income for the block period and assesses the tax payable, excluding section 275 provisions. Seized or requisitioned assets are managed according to section 250. Prior approval is required before issuing notices.
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