Procedure for block assessment scheme.

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..... 1961. A concept of 'block period' assessment has been introduced which is applicable for searches initiated/requisitions issued on or after 1st July, 1995. For effective implementation of the block assessment scheme, it has been decided that the following procedure shall be followed: (i) where the jurisdiction over an assessee is with an Assistant Commissioner or Deputy Commissioner (Special Ran .....

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..... er (Special Range). (v) The ADIT concerned shall prepare and forward the appraisal report positively within 60 days of the commencement of the search. If this period is to be exceeded, written permission of the DG shall be obtained. (vi) The seized material shall be handed over to the Assessing Officer at the earliest. (vii) The appraisal report shall contain information/analysis on the foll .....

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..... (viii) Cases where the D.G. is of the view that immediate centralisation would be in the interest of proper investigation, shall be centralised and the assessments got completed in Central Circles. 2. The above procedure shall operate with immediate effect and shall apply to all searches initiated on or after July 1, 1995. Old cases would continue to be governed by earlier instructions on the su .....

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