Section 113:
Tax in the case of block assessment of search cases.
1The total undisclosed income of the
block period, determined under section 158BC, shall be chargeable to tax at the rate of sixty per cent.:
2
Provided that the tax chargeable under this section shall be increased by a surcharge, if any, levied
by any Central Act and applicable in the assessment year relevant to the previous year in which the search
is initiated under section 132 or the requisition is made under section 132A.
Notes:
1. Ins. by Act 22 of 1995, s. 24 (w.e.f. 1-7-1995). Earlier section 113 dealing with “Tax in the case of non-resident” omitted
by Act 10 of 1965, s. 35 (w.e.f. 1-4-1965).
2. Ins. by Act 20 of 2002, s. 44 (w.e.f. 1-6-2002).