The first article continues the analysis of the revised search assessment regime by focusing on the abatement of ongoing proceedings and the procedural framework governing block assessments. It outlines the statutory requirements relating to notices, determination of undisclosed income, and passing of assessment orders. The discussion also covers scenarios involving undisclosed income of other persons and summarises the timelines and exclusions applicable to completing block assessments under the Income Tax Act, 2025.
The second article advances the UAE Transfer Pricing series by addressing the selection of the tested party, the identification and evaluation of comparable uncontrolled transactions, and the practical use of comparability adjustments and arm’s length ranges. It also highlights important considerations such as the use of multiple-year data, timing of data collection, and the treatment of extreme results, thereby offering a comprehensive view of the analytical process under Article 34 of the UAE Corporate Tax Law.
Lastly, CBDT notifications and circulars for the month of october, 2025 has been included in this wiki to ensure continual updating with the latest regulatory developments.
As Income Tax Act,2025 has been enacted to replace the existing Income tax Act, 1961, which will come into effect from 01.04.2026, all the articles in this wiki have been referred to the new sections of Income Tax Act,2025
Key Topics:
- Search assessment – Part II
- Transfer pricing in UAE – Part IV
- CBDT notifications for the month of October 2025
- CBDT circulars for the month of October 2025
