Circular No. 286/2/2003 — Procedure for block assessments
Date: 2003-01-01 Status: ACTIVE Category: Search & Seizure / Assessment Binding on Department: Yes (Section 119 / Section 400 IT Act 2025)
Summary
Prescribes detailed procedure for block assessments following search and seizure under section 132. Covers notice requirements, time limits, assessment of undisclosed income, and treatment of seized assets.
Key Directions
- Block assessment must cover 6 assessment years preceding the year of search.
- Notice under section 153A to be issued within prescribed time.
- Assessment of searched person and connected persons to be coordinated.
- All seized material must be considered in block assessment.
Applicability Under IT Act 2025
Saving Clause: Section 536 of IT Act 2025 saves circulars issued under the 1961 Act “so far as not inconsistent” with the new Act.
| Old Section (1961 Act) | New Section (2025 Act) | Consistent? |
|---|---|---|
| 153A | 282 | Yes |
| 153C | 283 | Yes |
Cross-References
Act Sections
Related Circulars
- None identified
Key Case Law (Circular Supremacy)
- To be populated — cases where this circular was cited/applied
Full Text
Full text to be added — see raw/circulars/ for PDF when available
Source
- Official: incometaxindia.gov.in/circulars