CBDT Notifies ITR-BN Form for Block Assessment under Income-tax Act, 2025

The Central Board of Direct Taxes (CBDT), through Notification No. 97/2026 dated 24 July 2026, has notified the Income-tax (Third Amendment) Rules, 2026, introducing Appendix IV – ITR-BN, a new Income Tax Return for Block Assessment under the Income-tax Act, 2025. Effective from 1 April 2026, the new return form will apply to cases involving searches initiated under Section 247 or requisitions made under Section 248 on or after that date. The notification inserts the ITR-BN form into the Income-tax Rules, 2026, prescribing a comprehensive reporting framework for undisclosed income detected during search and seizure proceedings. The form requires taxpayers to furnish details relating to the block period, undisclosed income, tax computation, taxes paid, TDS/TCS credits, and verification, thereby standardizing the filing process for block assessment cases under Chapter XVI-B of the Income-tax Act, 2025. CA Sansaar

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