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TMI BlogProcedure for block assessmentX X X X Extracts X X X X X X X X Extracts X X X X ..... be prescribed, setting forth his total income, including the undisclosed income, for the block period: Provided that such return shall be considered as if it was a return furnished under the provisions of section 139 and notice under sub-section (2) of section 143 shall thereafter be issued: Provided further that 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: Provided also that no notice under section 148 is required to be issued for the purpose of proceeding under this Chapter: Provided also that a person who has furnished a return under this clause shall not be entitled to furnish a revised return; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... shall take prior approval of the Additional Commissioner or the Additional Director or the Joint Commissioner or the Joint Director, as the case may be. ] ----------------------- Notes :- 1. Substituted by the Income-tax (Amendment) Act, 1997, w.e.f. 1-1-1997. 2. Substituted for and section 144 by the Finance Act, 2002, w.r.e.f. 1-7-1995. 3 . Substituted, by the Finance Act, 2002, w.r.e.f. 1-7-1995., w.e.f. 1-6-2002. Prior to its substitution, clause (d) read as under : '(d) the assets seized under section 132 or requisitioned under section 132A shall be retained to the extent necessary and the provisions of section 132B shall apply subject to such modifications as may be necessary and the references to regular assessment or reassessmen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... evised return;] ( b ) the Assessing Officer shall proceed to determine the undisclosed income of the block period in the manner laid down in section 158BB and the provisions of section 142, sub-sections (2) and (3) of section 143 2 [, section 144 and section 145] shall, so far as may be, apply; ( c ) the Assessing Officer, on determination of the undisclosed income of the block period in accordance with this Chapter, shall pass an order of assessment and determine the tax payable by him on the basis of such assessment; 3 [( d ) the assets seized under section 132 or requisitioned under section 132A shall be dealt with in accordance with the provisions of section 132B.] - - statute, statutory provisions legislation, law, enactment, Acts, R ..... X X X X Extracts X X X X X X X X Extracts X X X X
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