Block Assessment Under The Income Tax Act (As Amended by the Finance Act, 2025)

This book offers a comprehensive and insightful analysis af the revamped Block Assessment scheme with particular emphasis an the nuanced concept of undisclosed income-the bedrock of the entire assessment process. Through a detailed comparative analysis of the erstwhile and current procedural frameworks, the book illustrates the significant legal and practical shifts that have emerged in the post-search assessment landscape.

Key Topics Covered:

• Concept of block period and undisclosed income
• Scope of charging and computation section-1588A and 15888
• Procedure of block assessment-158BC
• Assessment under section 158BD
• Penalty provisions under section 158BF and 158BFA
• Third party assessment
• Assessment related issues in the context of new scheme
• Block assessment and reassessment under section 147 of the Act
• Block assessment and utilization of evidence gathered on survey
• Evidentiary value of statement recorded under section 132(4)
• Analysis of notings in loose paper
• Peak and telescoping
• Digital Evidence
• Concepts in assessment and interpretation of statutes

By combining theoretical clarity with practical guidance, it serves as an indispensable resource for tax pagers, practitioners, and tax administrators seeking to navigate through the complexities of search-related assessments.