[BREAKING] CBDT notifies New ITR Form ITR-B for Disclosure of Income after Search/Requisition

The CBDT has issued a breaking notification announcing a new ITR form, ITR-B, specifically for the disclosure of income after a search or requisition by the income tax department. This new form is intended to be used by taxpayers who are required to file their income tax returns following a search operation or a requisition of documents by the tax authorities. It will likely require detailed reporting of the income assessed as a result of such actions.