ITR-B For Block Search Assessment Return U/S.158BC(1)(a)  of Income Tax Act: CBDT

The Central Board of Direct Taxes (CBDT)  has notified the ITR-B For block search assessment return under section 158BC(1)(a)  of Income Tax Act which will be retrospectively applicable from 1 September, 2024.

The Board has notified Income-tax (Tenth Amendment) Rules, 2025 which seeks to further amend Income- tax Rules, 1962.

A new Rule 12AE is added, introducing Form ITR-B for filing returns under section 158BC (search/requisition cases) when initiated on or after 1st September 2024.

Who Needs to File ITR-B?

Type of Person	How to File
1. (a) Audited under Section 44AB(b) Company(c) Political Party	Electronically with Digital Signature
2. Any other person	(A) With Digital Signature OR(B) Using Electronic Verification Code (EVC)

Explanation of Terms:

• Electronic Verification Code (EVC): Same meaning as under Rule 12AC(2).

Tech Requirements:

• The Principal Director-General of Income-tax (Systems) will handle technical details—like how data is captured, secured, transmitted, and stored.

Important Note on Tax Credits:

• If someone claims credit for taxes paid for the block period (undisclosed income), such claims will be accepted only after verification and satisfaction of the Assessing Officer.

Form ITR-B Introduced:

• A new form called ITR-B is introduced for filing returns in block assessment cases (search and seizure).
• It will appear in Appendix-II after Form ITR-U.

Notification Details

Notification No. 30/2025

Date: 07/04/2025

Read More: CBDT Notifies April 30, 2025 as Deadline Under Vivad se Vishwas Scheme 2024