https://www.taxtmi.com/circulars?id=10490 The Ordinance amendments to the special procedure apply only to block assessments from searches initiated on or after 1 January 1997; searches initiated on or before 31 December 1996 remain governed by the prior Chapter XIVB. For searches before 1 January 1997, no interest or penalty will be levied, assessment orders must be approved by the Commissioner, the first appeal lies with the appellate tribunal, prosecution for failure/delay in filing the block return will not be launched, and the limitation period for passing the block assessment order is one year from the end of the month in which the last search or requisition authorisation was executed. en-us Fri, 17 Jan 1997 00:00:00 +0530 Tue, 14 Jun 2011 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10490 The Ordinance amendments to the special procedure apply only to block assessments from searches initiated on or after 1 January 1997; searches initiated on or before 31 December 1996 remain governed by the prior Chapter XIVB. For searches before 1 January 1997, no interest or penalty will be levied, assessment orders must be approved by the Commissioner, the first appeal lies with the appellate tribunal, prosecution for failure/delay in filing the block return will not be launched, and the limitation period for passing the block assessment order is one year from the end of the month in which the last search or requisition authorisation was executed. Circulars Income Tax Fri, 17 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10490