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of <h1>Amendment to Section 158BE: New Explanation 2 Clarifies Completion of Search and Requisition Executions.</h1> Section 158BE of the Income-tax Act has been amended by the Finance (No. 2) Act, 1998. The existing Explanation is now renumbered as Explanation 1, and a new Explanation 2 is inserted, effective from July 1, 1995. Explanation 2 clarifies that the execution of authorization for a search is deemed complete upon the conclusion of the search as recorded in the last panchanama. For requisitions under section 132A, execution is deemed complete upon the actual receipt of the books, documents, or assets by the Authorized Officer.
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