# The Finance Act, 1998, Section 44: Amendment of section 158BA

- Act: The Finance Act, 1998
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1998/section/44/

## Text

Amendment of section 158BA. 44. 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.". © Copyright. Taxmann Publications Pvt. Ltd.

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