Block assessment procedure under search cases governs notice, return filing, undisclosed income determination, and asset handling. Block assessment under section 158BC applies on search or requisition under sections 132 or 132A, requiring a notice to file a block return of undisclosed income within up to 60 days, with a limited extension of up to 30 days in specified audit-related cases. The return is treated in a restricted manner as a return under section 139, but delayed filing is not so deemed, no revised return is allowed, section 148 notice is not required, and section 143(1) does not apply. The Assessing Officer determines total undisclosed income under section 158BB and passes an assessment or reassessment order without section 144C applying, with seized or requisitioned assets dealt with under section 132B.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Block assessment procedure under search cases governs notice, return filing, undisclosed income determination, and asset handling.
Block assessment under section 158BC applies on search or requisition under sections 132 or 132A, requiring a notice to file a block return of undisclosed income within up to 60 days, with a limited extension of up to 30 days in specified audit-related cases. The return is treated in a restricted manner as a return under section 139, but delayed filing is not so deemed, no revised return is allowed, section 148 notice is not required, and section 143(1) does not apply. The Assessing Officer determines total undisclosed income under section 158BB and passes an assessment or reassessment order without section 144C applying, with seized or requisitioned assets dealt with under section 132B.
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