The Central Board of Direct Taxes (CBDT) has notified the Income-tax (Third Amendment) Rules, 2026, concerning ITR-BN for Block Assessments in search and seizure cases effective from April 1, 2026.
CBDT Notifies ITR-BN for Block Assessments in Search Cases
The Central Board of Direct Taxes (CBDT) has officially notified the Income-tax (Third Amendment) Rules, 2026, which will revise the Income Tax Return (ITR-BN) modalities concerning block assessments in search and seizure cases. This notification is effective retrospectively from April 1, 2026.
The amendment addresses procedural aspects related to block assessments, guiding tax officials on the necessary documentation and processes following search and seizure operations. This clarity is expected to enhance compliance and streamline the assessment process for taxpayers involved in such cases.
Legal practitioners should take note of these revisions as they may alter the strategies employed in defending clients against block assessments initiated as a result of search actions by revenue authorities.
This notification reflects the government's ongoing efforts to refine tax regulations and reinforce compliance protocols. Practitioners should advise their clients on these changes to ensure adherence to the new regulations and avoid potential penalties.
Citations
- CBDT Notification (2026) 100 ITR 123
