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<h1>Income-tax (Amendment) Act, 1997: New Time Limits for Section 158BC and 158BD Orders and Block Assessments</h1> The Income-tax (Amendment) Act, 1997 revises section 158BE of the Income-tax Act, specifying new time limits for passing orders under section 158BC. For searches or requisitions executed between June 30, 1995, and January 1, 1997, orders must be passed within one year. For those executed on or after January 1, 1997, the limit is two years. Similarly, for block assessments under section 158BD, the completion period is one year for actions initiated before January 1, 1997, and two years for those initiated on or after that date.