Section 49 - Amendment of section 158BA. - Finance Act, 2025

Amendment of section 158BA. 49. In section 158BA of the Income-tax Act, with effect from the 1st day of September, 2024, (a) in the marginal heading, for the words total income , the words total undisclosed income shall be substituted and shall be deemed to have been substituted; (b) in sub-section (1), for the words total income , the words total undisclosed income shall be substituted and shall be deemed to have been substituted; (c) in sub-section (4), for the word pending , the words required to be made shall be substituted and shall be deemed to have been substituted; (d) in sub-section (5), for the words the assessment or reassessment relating to any assessment year , the words the assessment or reassessment or recomputation or reference or order relating to any assessment year shall be substituted and shall be deemed to have been substituted; (e) in sub-section (7), for the words total income , the words total undisclosed income shall be substituted and shall be deemed to have been substituted.