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TMI BlogComputation of total income of block periodX X X X Extracts X X X X X X X X Extracts X X X X ..... under sub-section (1) of section 142 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 sub-section (2). (2) The undisclosed income falling within the block period, forming part of the total income referred to in sub-section (1) of section 158BA, shall be computed in accordance with the provisions of this Act, on the basis of evidence ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion, 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 sub-section (3). (5) The tax referred to in sub-section (7) of section 158BA shall be charged on the total income determined in the manner specified in sub-section (1) as reduced by the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Substituted for or section 147 by the Finance Act, 2002, w.r.e.f. 1-7-1995. 4. Clauses (c) and (ca) substituted for clause (c), by the Finance Act, 2002, w.r.e.f. 1-7-1995. Prior to its substitution, clause (c) read as under : (c) where the due date for filing a return of income has expired but no return of income has been filed, as nil 5. Substituted for Chapter IV by the Finance Act, 2002, w.r.e.f. 1-7-1995. Prior to its substitution, clause (c) read as under: (c) where the due date for filing a return of income has expired but no return of income has been filed, as nil 6. Inserted by the Finance Act, 2002, w.r.e.f. 1-7-1995. 7. Substituted by the Finance (No. 2) Act, 1996, w.r.e.f. 1-7-1995. 8. Inserted by the Finance (No. 2) Act, 1998, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on or before the date of the search or requisition where such entries result in computation of loss for any previous year falling in the block period; or ( B ) on the basis of entries as recorded in the books of account and other documents maintained in the normal course on or before the date of the search or requisition where such income does not exceed the maximum amount not chargeable to tax for any previous year falling in the block period; ( ca ) where the due date for filing a return of income has expired, but no return of income has been filed, as nil , in cases not falling under clause ( c );] ( d ) where the previous year has not ended or the date of filing the return of income under sub-section (1) of section 139 has not expired, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mined shall not be chargeable to tax in the hands of the partners, whether on allocation or on account of enhancement;] ( c ) assessment under section 143 includes determination of income under sub-section (1) or sub-section (1B) of section 143. (2) In computing the undisclosed income of the block period, 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 including the previous year ending with the date of search or of the requisition. (3) The burden of proving to the satisfaction of the Assessing Officer that any undisclosed income had already been disclosed in any ret ..... X X X X Extracts X X X X X X X X Extracts X X X X
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