Amendment of section 158BA.

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..... 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. - Clause 47 of the Bill seeks to amend section 158BA of the Income-tax Act relating to assessment of total income as a result of search. .....

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..... shall revive. It is proposed to amend sub-section (5) of the said section to insert the words "recomputation", "reference" and "order" which would stand revived in case any proceeding under chapter XIV-B is annulled in appeal. These amendments will take effect retrospectively from 1st February, 2025.
Statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxatio .....

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