Any income or asset declared not to affect finality of completed assessments
Section 137 of the Finance Act, 2026 deals with any income or asset declared not to affect finality of completed assessments. Any income or asset declared not to affect finality of completed assessments.
Any income or asset declared not to affect finality of completed assessments.
137. In respect of income or asset declared or any amount paid thereon, the declarant shall not be entitled to claim for rectification or revision of any assessment made under the Income-tax Act, 1961 (43 of 1961) or the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (22 of 2015) or claim any set off or relief in any appeal, reference or other proceeding in relation to any such assessment.
Section 137, The Finance Act, 2026 (Act 4 of 2026).
Questions about Section 137
What does Section 137 of the Finance Act deal with?
Section 137 of the Finance Act is headed "Any income or asset declared not to affect finality of completed assessments". Any income or asset declared not to affect finality of completed assessments.
How do I find court cases under Section 137 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 2026 137, section 137 Finance Act 2026, section 137 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 the Finance Act enacted?
Finance Act was enacted in 2026 as Act 4 of 2026. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. -11686 words
- 3. Income-tax under Act 30 of 20258033 words
- Fourth Schedule. -4078 words
- 2. Income-tax under Act 43 of 19612736 words
- 26. Substitution of new sections for sections 276B, 276BB, 276C, 276CC, 276CCC and 276D1437 words
- Fifth Schedule. -1363 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.