Procedure for block assessment [ Section 158BC ]

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....specified in the notice, a return in the form and verified in the manner, as may be prescribed, setting forth his undisclosed income, for the block period: (i) such return shall be considered as if it was a return furnished under the provisions of section 139 and notice under section 143(2) shall thereafter be issued: (ii) any return of income, required to be furnished by an assessee under this section and furnished beyond the period allowed in the notice shall not be deemed to be a return under section 139: (iii) no notice under section 148 is required to be issued for the purpose of proceeding under this Chapter: (iv) a person who has furnished a return under this clause shall not be entitled to furnish a revised return; * ....

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....ovisions of section 144C (i.e. Reference to Dispute Resolution Panel ) shall not apply in respect of such order: * Procedures for Dealing with Seized and Requisitioned Assets  * (d) the assets seized under section 132 or requisitioned under section 132A shall be dealt with in accordance with the provisions of section 132B. [ Section 158BC(1) ] Non applicability of the provisions [ Section 158BC(2) ] The provisions of section 143(1) shall not apply to the return furnished under this section.  Required prior approval for Issuance of Notice Under Section 158BC(1)(a) [ Section 158BC(3) ] The Assessing Officer, before issuance of notice under section 158BC(1)(a), shall take prior approval of the Additional....

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.... Third proviso Section 158BC(1)(a) ] * A person who has furnished a return under this clause shall not be entitled to furnish a revised return. [ Fourth Proviso Section 158BC(1)(a) ] * The provisions section 143(1) shall not apply to the return furnished under section 158BC. [ Section 158BC(2) ] * Manner of determination of total Income - (b) the Assessing Officer shall proceed to determine the total income including the undisclosed income of the block period in the manner laid down in section 158BB and the provisions of section 142, section 143(2)&(3), section 144, section 145, section 145A and section 145B shall, so far as may be, apply; * Determination of Tax Liability - (c) the Assessing Officer, on determination ....