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CA Final · Direct Tax Laws & International Taxation · Taxation of Digital Transactions

The Authorised Officer made a requisition of books of account and virtual digital asset records from Kavya Fintech Ltd on 20 January 2027 (tax year 2026-27). The records were actually received by the Authorised Officer on 5 February 2027. For the block period of Kavya Fintech Ltd, the period starting on 1 April 2026 ends on:

The period ends on 5 February 2027. In a requisition, the authorisation is treated as executed on actual receipt of the books, documents or assets by the Authorised Officer, so the block period runs to receipt, not to the date the requisition was made.

  1. A20 January 2027, the date of the requisition
  2. B31 March 2027, the end of the tax year
  3. C5 February 2027, the date of actual receipt by the Authorised OfficerCorrect
  4. DThe date the company's assessment is completed

Explanation

For a requisition, the last of the authorisations is deemed executed on the actual receipt of the books of account, documents or assets by the Authorised Officer. The block period therefore ends on 5 February 2027. Using the requisition date of 20 January 2027 confuses the making of the requisition with its execution.

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