Income Tax Act 2023
Section 159 - Explanation
(as updated till Finance Act 2024)
For the purposes of this Chapter, “tax assessed for last income year” means.—
(a) in the case of such assessee, whose tax has been assessed before;
(b) in the case of such assessee, whose tax has not been previously assessed.
Disclaimer: This is the authentic English text of the Income Tax Act 2023, as published under SRO No. 404-Law/2025 dated 08 October 2025. In the event of any inconsistency or conflict between the content on this website and the official Government publications or gazette notifications relating to laws, rules, regulations or SROs, the official Government publications and notifications shall prevail.