Act 7 of 2025 Ministry Finance Enacted 16 Aug 2025

Questions about Section 55

What does Section 55 of the Finance Act deal with?

Section 55 of the Finance Act is headed "Omission of section 158BI". Omission of section 158BI. 55. Section 158BI of the Income-tax Act shall be omitted and shall be deemed to have been omitted with effect from the 1st day of September, 2024.

How do I find court cases under Section 55 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2025 55, section 55 Finance Act 2025, section 55 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

When was Section 55 of the Finance Act enacted?

Section 55 of the Finance Act, cited as Finance Act 2025 55, was enacted on 16 Aug 2025 as Act 7 of 2025. It is in force as at the date shown on this page.

Other sections of this Act

• First Schedule. First Schedule10059 words
• 2. Income-tax8952 words
• Third Schedule. Third Schedule8533 words
• 146. Amendment of Act 28 of 2016957 words
• 50. Amendment of section 158BB868 words
• 6. Amendment of section 10825 words

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. 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. This page is not a substitute for legal advice.