TaxTMI 
TaxTMI 
Computation of total income of block period [ Section 158BB ]
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....he following income shall not be included in the total undisclosed income of the block period, namely:-- (a) the total income determined under section 143(3) or assessed under section 143 or section 144 or section 147 or section 153A or section 153C or assessed earlier under section 158BC(1)(c) or section 245D(4), prior to the date of initiation of the search or the date of requisition, in respect of any of the previous year comprising the block period; (b) the total income declared in the return of income filed under section 139 or in response to a notice under section 142(1), prior to the date of initiation of the search or the date of requisition, in respect of any of the previous year comprising the block period, and not covered und....
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....nion that any part of the income as computed by the assessee under this clause is undisclosed, he may recompute such income; (d) the total income referred to in section 115A(5) or section 115G or section 194P(1). Manner of Computation of undisclosed income of the block period [ Section 158BB(2) ] * The undisclosed income falling within the block period, shall be computed in accordance with the provisions of this Act, on the basis of evidence found as a result of search or survey or requisition of books of account or other documents and any other material or information as are either available with the Assessing Officer or come to his notice during the course of proceedings under this Chapter. Income pertaining to interna....
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....ithin the block period shall be the income determined before allowing deduction of salary, interest, commission, bonus or remuneration by whatever name called to any partner not being a working partner; (b) the provisions of sections 68, 69, 69A, 69B and 69C shall, so far as may be, apply and references to "financial year" in those sections shall be construed as references to the relevant previous year falling in the block period; (c) the provisions of section 92CA shall, so far as may be, apply and references to "previous year" in that section shall be construed as reference to the relevant previous year falling in the block period excluding the period referred to in section 158BB(3). Manner of determination of tax liability [ Section....
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.... filed under section 139 or in response to a notice section 142(1) or section 148 and not covered under clause (i) or clause (ii); (iv) total income determined where the previous year has not ended, on the basis of entries relating to such income or transactions as recorded in the books of account and other documents maintained in the normal course on or before the date of last of the authorisations for the search or requisition relating to such previous year; (v) undisclosed income determined by the Assessing Officer under section 158BB(2). Determination of undisclosed income for Block Periods Using Evidence Obtained from Searches and Requisitions by the Assessing Officer [ Section 158BB(2) ] * The undisclosed income fall....
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....ons was executed, such evidence shall not be considered for the purposes of determining the total income of the block period and such income shall be considered in the assessment made under the other provisions of this Act. Determination of undisclosed income in specific cases [ Section 158BB(4) ] For the purposes of determination of undisclosed income,-- * (a) of a firm, such income assessed for each of the previous years falling within the block period shall be the income determined before allowing deduction of * salary, interest, commission, bonus or remuneration by whatever name called to any partner not being a working partner; * (b) the provisions of sections 68, 69, 69A, 69B and 69C shall, so far as may be, apply a....