{"act":{"id":"finance-act-2025","short_title":"The Finance Act, 2025","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2025-2026.","act_number":"7","act_year":2025,"enact_date":"2025-08-16","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":153,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2025/"},"unit":"section","section":{"number":"54","heading":"Amendment of section 158BFA","text":"Amendment of section 158BFA. 54.  In section 158BFA of the Income-tax Act, with effect from the 1st day of September, 2024,— (a) | in sub-section (1), for the words \"total income including undisclosed income\", the words \"undisclosed income\" shall be substituted and shall be deemed to have been substituted; (b) | in sub-section (4), for clause (ii), the following clause shall be substituted and shall be deemed to have been substituted, namely:— \"(ii) the period commencing on the date on which stay on the proceeding under sub-section (2) was granted by an order or injunction of any court and ending on the date on which certified copy of the order vacating the stay was received by the jurisdictional Principal Commissioner or Commissioner:\".","html":"<p><b>Amendment of section 158BFA.</b></p><p><b>54. </b> In section 158BFA of the Income-tax Act, with effect from the 1st day of September, 2024,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>in sub-section (1), for the words \"total income including undisclosed income\", the words \"undisclosed income\" shall be substituted and shall be deemed to have been substituted;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>in sub-section (4), for clause (<i>ii</i>), the following clause shall be substituted and shall be deemed to have been substituted, namely:—</td></tr><tr><td></td><td></td><td>\"(<i>ii</i>) the period commencing on the date on which stay on the proceeding under sub-section (2) was granted by an order or injunction of any court and ending on the date on which certified copy of the order vacating the stay was received by the jurisdictional Principal Commissioner or Commissioner:\".</td></tr></table></div>","words":122,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2025/section/54/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}