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CBDT Notifies ITR-BN for Block Assessments
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N/Atax

CBDT Notifies ITR-BN for Block Assessments

July 27, 2026

The CBDT has notified the Income-tax (Third Amendment) Rules, 2026, concerning block assessments under the new Income Tax Act for search and seizure cases, effective from April 1, 2026.

CBDT Notifies ITR-BN for Block Assessments

The Central Board of Direct Taxes (CBDT) has officially notified the Income-tax (Third Amendment) Rules, 2026, which pertains to block assessments under the new Income Tax Act during search and seizure situations. This notification is effective retrospectively from April 1, 2026.

This implementation signifies the CBDT's commitment to streamlining block assessment procedures to ensure clarity and compliance with the overarching regulatory framework. It emphasizes the need for transparency in tax processes during investigatory actions.

For legal professionals, particularly those focusing on tax law, this notification requires an immediate review of practices regarding block assessments and adherence to new compliance measures entailed by these amendments.

Practice Areas:tax

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