https://www.taxtmi.com/manuals?id=4965 Where a search under section 132 or requisition under section 132A occurs on or after 1 September 2024, the Assessing Officer shall assess or reassess the total undisclosed income for the relevant block period under Chapter VI-B; pending assessments or recomputations under the Act (other than this Chapter) for years within the block period shall abate as of the search/requisition date, and any transfer-pricing references/orders in such proceedings shall also abate. The total undisclosed income of the block period is chargeable to tax as income of the block period at the rate specified for block assessments, irrespective of the year to which it relates. en-us Wed, 11 Sep 2024 12:47:00 +0530 Thu, 19 Jun 2025 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4965 Where a search under section 132 or requisition under section 132A occurs on or after 1 September 2024, the Assessing Officer shall assess or reassess the total undisclosed income for the relevant block period under Chapter VI-B; pending assessments or recomputations under the Act (other than this Chapter) for years within the block period shall abate as of the search/requisition date, and any transfer-pricing references/orders in such proceedings shall also abate. The total undisclosed income of the block period is chargeable to tax as income of the block period at the rate specified for block assessments, irrespective of the year to which it relates. Manuals Income Tax Wed, 11 Sep 2024 12:47:00 +0530 https://www.taxtmi.com/manuals?id=4965