Amendment status not verified — confirm the current text below against the official source.
In section 56 of the Income-tax Act, in sub-section (2), in clause (viib), after the second proviso, the following proviso shall be inserted with effect from the 1st day of April, 2025, namely:-- "Provided also that the provisions of this clause shall not apply on or after the 1st day of April, 2025.".