Section 294 — Procedure for block assessment: its source in the Income-tax Act, 1961

Section 294 (Procedure for block assessment) of the Income-tax Act, 2025 corresponds to Section 158BC (Procedure for block assessment) of the Income-tax Act, 1961 as per the official CBDT correspondence.

source provisions · income-tax act, 1961

Section 158BC — Procedure for block assessment

read both texts · §158BC (1961) vs §294 (2025)

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Source: the CBDT’s official 1961↔2025 correspondence table (incometaxindia.gov.in), captured 2026-07-21. This is a research aid — verify against the official CBDT utility ↗ before professional reliance.

frequently asked

Is Section 294 of the Income-tax Act, 2025 a new provision?

No — it derives from Section 158BC of the Income-tax Act, 1961.

What does Section 294 of the Income-tax Act, 2025 deal with?

Section 294 — "Procedure for block assessment", under CHAPTER XVI - Procedure for assessment of the Income-tax Act, 2025.

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same chapter · chapter xvi - procedure for assessment · income-tax act, 2025

Section 290 — Modification and revision of notice in certain cases
Section 291 — Intimation of loss
Section 292 — Assessment of total undisclosed income as a result of search
Section 293 — Computation of total undisclosed income of block period
Section 295 — Undisclosed income of any other person
Section 296 — Time-limit for completion of block assessment
Section 297 — Certain interests and penalties not to be levied or imposed
Section 298 — Levy of interest and penalty in certain cases

frequently looked up · income-tax act, 2025

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