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
