Tag: Section 247

Income Tax Notifications & Order IT

Form ITR-BN Explained: CBDT Notification 97/2026 and the New Block Assessment Return for Search Cases

CA Adityavikram Banka

CBDT Notification 97/2026 notifies Form ITR-BN for block assessment in search and seizure cases. Who files it, the block period, the 60 per cent rate, and what changes from 1 April 2026.