Finance Act 2020 received assent of the President and published in official Gazette
The Finance Act 2020 has received the assent of the President on 27th March, 2020 and is published in Gazette of India.
Earlier, The parliament had passed the Finance Bill 2020 on 23rd March 2020 by voice vote without any discussion.
While the most of the amendments to Income Tax Act 1961 shall come into effect from 1st April, 2020, the amendments to certain provisions related to custom and Central Goods and Services Tax shall come into force on date as notified in the Official Gazette.
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- Merely ex-parte rectifying computation without amending assessment order not make it nullity- ITAT
- Once assessee discharges primary onus, it shifts to AO to bring evidence to contrary – ITAT
- Cost Inflation Index for FY/Tax Year 2026-27 notified by CBDT. See Up-to-date Table of CII
- Power of CIT(A) u/s 251(1)(a) to remand case can be exercised only in best judgment assessment
- ICAI (Global Networking) Guidelines, 2025 kept in abeyance
