Rule 180 prescribes Form ITR-BN for the return of income for a block assessment under section 294(1) following a search under section 247 or a requisition under section 248, and how it is furnished.
180
Rules 2026 · Rule 180
Return of income in respect of block assessment under section 294(1)
Rules 131-200
The form and manner (sub-rules 1 to 3). The return required under section 294(1)(a) is in Form ITR-BN, verified as the form indicates. A company furnishes it electronically under digital signature; any other person furnishes it electronically under digital signature, or by transmitting the data under electronic verification code (as defined in rule 165).
Tax credits (sub-rule 4). Where credit is claimed for tax payments against undisclosed income of the block period, other than self-assessment tax for the block period, the claim and its allowability are subject to the Assessing Officer's verification and satisfaction.
Procedure (sub-rule 5). The Principal Director General or Director General of Income-tax (Systems) specifies the procedures, formats and standards for secure data capture and transmission and the security, archival and retrieval policies.