Section 44 - Amendment of section 158BA - Finance (No. 2) Act, 1998

44. Amendment of section 158BA In section 158BA of the Income-tax Act, after sub-section (2) the following Explanation shall be inserted and shall be deemed to have been inserted with effect from the 1st day of July, 1995, namely:- Explanation.-For the removal of doubts, it is hereby declared that- (a) the assessment made under this Chapter shall be in addition to the regular assessment in respect of each previous year included in the block period; (b) the total undisclosed income relating to the block period shall not include the income assessed in any regular assessment as income of such block period; (c) the Income assessed in this Chapter shall not be included in the regular assessment of any previous year included in the block period.