1In this Chapter, unless the context otherwise requires,-
2 (a) "block period" means the period comprising previous years relevant to six assessment years preceding the previous year in which the search was conducted under section 132 or any requisition was made under section 132A and also includes the period up to the date of the commencement of such search or date of such requisition in the previous year in which the said search was conducted or requisition was made:
Provided that where the search is initiated or the requisition is made before the 1st day of June, 2001, the provisions of this clause shall have effect as if for the words "six assessment years", the words "ten assessment years" had been substituted;
(b) "undisclosed income" includes any money, bullion, jewellery or other
valuable article or thing or any income based on any entry in the books of
account or other documents or transactions, where such money, bullion, jewellery,
valuable article, thing, entry in the books of account or other document or
transaction represents wholly or partly income or property which has not been or
would not have been disclosed for the purposes of this Act3 , or any expense,
deduction or allowance claimed under this Act which is found to be false.
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1. Ins. by Act 22 of 1995, s. 32 (w.e.f. 1-7-1995).
2. Subs. by 14 of 2001, s. 66, for clause (a) (w.e.f. 1-6-2001).
3. Ins. by Act 20 of 2002, s. 64 (w.e.f. 1-7-1995).
Section 158BA Assessment of undisclosed income as a result of search
Section 158BB Computation of undisclosed income of the block period
Section 158BC Procedure for block assessment
Section 158BD Undisclosed income of any other person
Section 158BE Time limit for completion of block assessment
Section 158BF Certain interests and penalties not to be levied or imposed
Section 158BFA Levy of interest and penalty in certain cases
Section 158BG Authority competent to make the block assessment
Section 158BH Application of other provisions of this Act
Section 158BI Chapter not to apply after certain date