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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 ..... scribed, setting forth his 5[****] 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; 6[Provided also& ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... alt with in accordance with the provisions of section 132B. (2) The provisions of sub-section (1) of section 143 shall not apply to the return furnished under this section. (3) The Assessing Officer, before issuance of notice under clause (a) of sub-section (1), 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rth his total income including the undisclosed income for the block period : Provided that no notice under section 148 is required to be issued for the purpose of proceeding under this Chapter : Provided further that a person who has furnished a return under this clause shall not be entitled to file a revised 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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