Introduction on block assessment of search cases

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..... ome over a 10 year block period, which was later reduced to 6 years. However, as of June 1, 2003, the Finance Act repealed this scheme and introduced Sections 153A, 153B, and 153C. These sections required taxpayers to file returns for the six assessment years relevant to the period in question. The Finance Act of 2017 further amended Section 153A, empowering the Assessing Officer (AO) to issue not .....

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..... rities. This chapter, titled Special Procedure for Assessment of Search Cases, introduces a distinctive approach known as block assessment, designed to address the unique challenges and complexities arising from such search operations. It is provide a structured and detailed method for evaluating concealed income over a defined period. Block assessment under Chapter XIV-B is designed to ensure tha .....

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