Block assessment returns now require structured disclosure of undisclosed income, tax payments, and eligible credits for search cases. Appendix IV introduces Form ITR-BN for block-period returns arising from searches or requisitions initiated on or after 1 April 2026. The form requires taxpayer, search, notice, prior-return and block-period details; computation and head-wise and item-wise disclosure of undisclosed income; and tax, interest, payment and credit particulars. Provisional figures based on regularly maintained books may be furnished where the normal return due date has not expired, without replacing the regular return. Part-year international and specified domestic transaction income is excluded from the block return and assessed outside block assessment. Unclaimed tax-payment and TDS/TCS credits remain subject to verification.
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 returns now require structured disclosure of undisclosed income, tax payments, and eligible credits for search cases.
Appendix IV introduces Form ITR-BN for block-period returns arising from searches or requisitions initiated on or after 1 April 2026. The form requires taxpayer, search, notice, prior-return and block-period details; computation and head-wise and item-wise disclosure of undisclosed income; and tax, interest, payment and credit particulars. Provisional figures based on regularly maintained books may be furnished where the normal return due date has not expired, without replacing the regular return. Part-year international and specified domestic transaction income is excluded from the block return and assessed outside block assessment. Unclaimed tax-payment and TDS/TCS credits remain subject to verification.
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