Income Tax Act, 2025
Section 7: Subs. by s. 4, ibid., for “Commissioner” (w.e.f. 12012).
7. Subs. by s. 4, ibid., for “Commissioner” (w.e.f. 12012).
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(e) in any case other than those mentioned in clauses (c) and (d), after the expiry of the financial
year in which the proceedings, in the course of which action for the imposition of penalty has been
initiated, are completed, or six months from the end of the month in which action for imposition of
penalty is initiated, whichever period expires later;
(f) in respect of search initiated under section 132 or books of account, other documents or any
assets requisitioned under section 132A, after the 30th day of June, 1995 but before the 1st day of
January, 1997.
Explanation.—In computing the period of limitation for the purpose of this section,—
(i) the time taken in giving an opportunity to the assessee to be reheard under the proviso
to section 129;
(ii) the period during which the immunity granted under section 245H remained in force; and
(iii) the period during which the proceedings under sub-section (2) are stayed by an order or
injunction of any court,
shall be excluded.
(4) An income-tax authority on making an order under sub-section (2) imposing a penalty, unless he
is himself an Assessing Officer, shall forthwith send a copy of such order to the Assessing Officer.]
1[158BG. Authority competent to make the block assessment.—The order of assessment for the
block period shall be passed by an Assessing Officer not below the rank of an 2[Assistant Commissioner
or Deputy Commissioner] or an 3[Assistant Director or Deputy Director], as the case may be:
Provided that no such order shall be passed without the previous approval of—
(a) the 4[Principal Commissioner or Commissioner] or 5[Principal Director or Director], as the
case may be, in respect of search initiated under section 132 or books of account, other documents or
any assets requisitioned under section 132A, after the 30th day of June, 1995 but before the 1st day of
January, 1997;
(b) the 6[Joint Commissioner] or the 7[Joint Director], as the case may be, in respect of search
initiated under section 132 or books of account, other documents or any assets requisitioned
under section 132A, on or after the 1st day of January, 1997.]
158BH. Application of other provisions of this Act.—Save as otherwise provided in this Chapter,
all other provisions of this Act shall apply to assessment made under this Chapter.]
8[158BI. Chapter not to apply after certain date.—The provisions of this Chapter shall not apply
where a search is initiated under section 132, or books of account, other documents or any assets are
requisitioned under section 132A after the 31st day of May, 2003.]
in any case other than those mentioned in clauses
and
in respect of search initiated under section 132 or books of account, other documents or any
assets requisitioned under section 132A, after the 30th day of June, 1995 but before the 1st day of
January, 1997.
Explanation.—In computing the period of limitation for the purpose of this section,—
the time taken in giving an opportunity to the assessee to be reheard under the proviso
to section 129;
the period during which the immunity granted under section 245H remained in force; and
the period during which the proceedings under sub-section
are stayed by an order or
injunction of any court,
shall be excluded.
An income-tax authority on making an order under sub-section
imposing a penalty, unless he
is himself an Assessing Officer, shall forthwith send a copy of such order to the Assessing Officer.]
1[158BG. Authority competent to make the block assessment.—The order of assessment for the
block period shall be passed by an Assessing Officer not below the rank of an 2[Assistant Commissioner
or Deputy Commissioner] or an 3[Assistant Director or Deputy Director], as the case may be:
Provided that no such order shall be passed without the previous approval of—
the 4[Principal Commissioner or Commissioner] or 5[Principal Director or Director], as the
case may be, in respect of search initiated under section 132 or books of account, other documents or
any assets requisitioned under section 132A, after the 30th day of June, 1995 but before the 1st day of
January, 1997;
the 6[Joint Commissioner] or the 7[Joint Director], as the case may be, in respect of search
initiated under section 132 or books of account, other documents or any assets requisitioned
under section 132A, on or after the 1st day of January, 1997.]
158BH. Application of other provisions of this Act.—Save as otherwise provided in this Chapter,
all other provisions of this Act shall apply to assessment made under this Chapter.]
8[158BI. Chapter not to apply after certain date.—The provisions of this Chapter shall not apply
where a search is initiated under section 132, or books of account, other documents or any assets are
requisitioned under section 132A after the 31st day of May, 2003.]