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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Procedure for Block Assessment Under Income-tax Act 1961 Post-July 1995 Searches: Key Steps and Jurisdiction Guidelines</h1> The circular outlines the procedure for block assessment under the Income-tax Act, 1961, applicable to searches initiated on or after July 1, 1995. It mandates that block assessments be completed by the Assistant or Deputy Commissioner, with jurisdiction transferred as necessary. In major cities, jurisdiction is conferred on a Deputy Commissioner (Special Range). The Assistant Director of Income Tax must notify relevant authorities within a week of a search and prepare an appraisal report within 60 days. Seized materials should be promptly handed to the Assessing Officer. A separate register for block assessments must be maintained, with quarterly reports submitted to higher authorities. These procedures apply immediately to new searches, while older cases follow previous instructions.
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