Home › CA Final › taxation › Assessment Procedure › Search assessment under Section 158BA applies to:
Search assessment under Section 158BA applies to:
ASearches initiated on or after 1 Sep 2024 (block period)
BAll searches
COnly individual searches (per relevant Section)
DSurveys
Answer & Solution
Correct answer: A. Searches initiated on or after 1 Sep 2024 (block period)
1. Section 158BA (FA 2024 reintroduced): block-period assessment for searches initiated on or after 1 Sep 2024.
2. Block period: 6 AYs preceding search-AY plus search-AY part-period.
3. Earlier searches (1 Apr 2021 – 31 Aug 2024) were under Sections 147-153.
_Source: ICAI BoS CA Final Paper 7, Ch 15 "Assessment Procedure"_
Related questions
Company return verification under Section 140:Section 143(1) intimation status:Show-cause under Section 148A(b) gives:Section 149 extension for escaped income >= Rs. 50 lakhs:Section 154 rectification time limit by AO:Late return filing under Section 139(1) — Section 234F fee:Section 144B faceless excludes:Defective return notice under Section 139(9) — time to rectify: