Law BookLaw Relating to Block Assessment (Under Income Tax Act 2025 as well as Income Tac Act 1961
Law Relating to Block Assessment is the leading contemporary treatise on India's revived block assessment regime under Chapter XVI-B of the Income-tax Act 2025, as amended by the Finance Act 2026 and effective from 1st April 2026. Authored by D.C. Agrawal and Ajay Kumar Agrawal, this Edition uniquely reads the new Code against three decades of Chapter XIV-B jurisprudence — asking, provision by provision, which doctrines survive, evolve, or stand displaced. The reintroduction of block assessment through the Finance (No. 2) Act 2024, its refinement by the Finance Act 2025, its consolidation under the Income-tax Act 2025, and its further amendment by the Finance Act 2026 has fundamentally reshaped the architecture of search-driven taxation in India — returning, after two decades of search assessments under Sections 153A to 153C, to a consolidated block mechanism in a modernised form that incorporates digital assets, quarter-based limitation, mandatory supervisory approvals, and harmonised integration with the deemed income regime.
