Notification No. 19/2020 [F.No.300196/63/2018-ITA-I] / SO 1188(E)

Last updated: 22 March 2020

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This notification amends a previous government notification concerning the Income Tax Act, 1961. It clarifies the retrospective application of the notification from June 1, 2011, to March 31, 2012, and for subsequent assessment years up to 2023-2024. This amendment is made in light of a Karnataka High Court order and is certified to not adversely affect any person.

MINISTRY OF FINANCE (Department of Revenue) (Central Board of Direct Taxes) NOTIFICATION New Delhi, the 20th March, 2020 S.O. 1188(E). In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following amendments in the notification of the Government of India, Ministry of Finance, (Department of Revenue), (Central Board of Direct Taxes) number S.O.1537(E) dated 09th April, 2019 published in

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FAQ :

This notification amends a previous notification under the Income-tax Act, 1961, to clarify its retrospective application and applicability for various assessment years.

The notification is deemed to have retrospective effect from 01-06-2011 to 31-03-2012 for the assessment year 2012-2013, and also for assessment years 2013-2014 through 2018-2019.

The notification will apply to assessment years 2019-2020, 2020-2021, 2021-2022, 2022-2023, and 2023-2024.

The retrospective effect is given in view of an order by the Hon'ble High Court of Karnataka in the case of Mysore Palace Board V. the Central Board of Direct Taxes and 3 Others.

It is certified that no person's interest will be adversely affected by giving retrospective effect to this notification.

This notification shall be deemed to have come into effect from 09th April, 2019.

Notification No : 19/2020
Source : https://www.incometaxindia.gov.in/communications/notification/notification19_2020.pdf

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