Relief for taxpayers in income tax search and requisition cases as government amends the Finance Bill 2025

With an aim to give relief to income taxpayers, the government has amended the provisions dealing with income tax search cases, as per a supplementary frequently asked question (FAQ) released by the Income Tax Department. In the amended Section 158BA (Assessment of undisclosed income as a result of search), the word ‘total income’ has been replaced with ‘total undisclosed income’.

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https://economictimes.indiatimes.com/wealth/tax/relief-for-taxpayers-in-income-tax-search-and-requisition-cases-as-government-amends-the-finance-bill-2025/articleshow/119479990.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst