Amendment of section 536.

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....(h), the following clause shall be substituted, namely:- "(h) where any sum has been allowed as a deduction or has not been included in the total income of any person, either on account of fulfillment of certain conditions or for any other reason, for any tax year beginning before the 1st April, 2026, and such sum was required to be included in the total income of any subsequent tax year ....

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....Income-tax Act shall be allowed under this Act for the period for which it would have been allowed under the repealed Income-tax Act if the assessee otherwise continues to satisfy the conditions as specified in the corresponding provisions or section 206(3) or (4) of this Act, as the case may be in such tax years;". - Clause 107 of the Bill seeks to amend section 536 of the Income-tax Act, 20....

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....2026 under the repealed Income-tax Act, if it had not been so repealed, on account of violation of such conditions or for any other reason, then such sum shall be-- (i) deemed to be the income of such subsequent tax year; and (ii) included in the total income of the said person under the same head of income as it would have been included under the repealed Income-tax Act. It i....