9911796707
TMI BlogAmendment of section 158BB.X X X X Extracts X X X X X X X X Extracts X X X X ..... requisition, as the case may be; (iii) income declared in the return of income filed under section 139 or in response to a notice under sub-section (1) of section 142 or section 148 prior to the date of initiation of the search or the date of requisition, and not covered under clause (i) or clause (ii); (iv) income determined-- (a) in respect of a previous year, where such previous year has ended and the due date for furnishing the return for such year has not expired prior to the date of initiation of the search or the date of requisition, 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 before the date of initiation of search or th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... basis of entries relating to such income or transactions as recorded in books of account and other documents maintained in the normal course on or before the date of the execution of the last of the authorisations, relates to any international transaction or specified domestic transaction referred to in section 92CA, pertaining to the period beginning from the 1st day of April of the previous year in which last of the authorisations was executed and ending with the date on which last of the authorisations was executed, such income shall not be considered for the purposes of determining the total income of the block period and such income shall be considered in the assessment made under the other provisions of this Act."; (c) in sub-sectio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ub-section to omit the word "total" from "total income"; (c) in clause (iii) of the said sub-section to insert the words "prior to the date of initiation of search or requisition"; (d) in clause (iv) of the said sub-section so as to provide that the income as recorded in the books of account and other documents maintained in the normal course on or before the 31st day of March of the previous year which has ended but the due date for furnishing the return for such year has not expired prior to the date of initiation of the search or requisition, shall form part of total income. Further, the income in respect of period commencing from 1st day of April of the previous year in which the search is initiated or requisition is made and ending o ..... X X X X Extracts X X X X X X X X Extracts X X X X
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