Procedure for block assessment.

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....to such person, requiring him to furnish within a period specified in the notice, not exceeding sixty days, a return in the form and verified in the manner, as prescribed, setting forth his total income, including the undisclosed income, for the block period, and-- (i) such return shall be considered as if it was a return furnished under section 263 and thereafter notice under section 270....

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....f assessment or reassessment and determine the tax payable by him on the basis of such assessment or reassessment, so, however that- (i) the provisions of section 275 shall not apply in respect of such order; (ii) where the order of assessment or reassessment is made in pursuance of section 295, the block period for such assessment or reassessment shall be the same as that determ....