https://www.taxtmi.com/manuals?id=5139 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. en-us Mon, 16 Sep 2024 18:35:00 +0530 Fri, 17 Apr 2026 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=5139 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. Manuals Income Tax Mon, 16 Sep 2024 18:35:00 +0530 https://www.taxtmi.com/manuals?id=5139