Ministry of Finance
Notification No. 19/2020 [F.No.300196/63/2018-ITA-I] / SO 1188(E) was published on 20 March 2020. Its subject is Ministry of Finance.
In exercise of the power under clause (46) of section 10 of the Income-tax Act, 1961, the Central Government amends its notification S.O. 1537(E) dated 9 April 2019. The third paragraph is substituted so that the notification is deemed to have applied for the period from 1 June 2011 to 31 March 2012 in assessment year 2012-13 and for assessment years 2013-14 to 2018-19, and applies with respect to assessment years 2019-20, 2020-21, 2021-22, 2022-23 and 2023-24. An explanatory memorandum is inserted at the end of that notification recording the reason for the retrospective operation.
The inserted explanatory memorandum states that retrospective effect is given for the period from 1 June 2011 to 31 March 2012 in assessment year 2012-13 and for assessment years 2013-14 to 2018-19 in view of the order of the High Court of Karnataka in Mysore Palace Board v. the Central Board of Direct Taxes and 3 Others, W.P. No. 40801 of 2019 (T-IT), dated 17 December 2019, and certifies that no person's interest is adversely affected.
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 the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii), namely:-2. In the said notification,-
(a) for the third paragraph, the following paragraph shall be substituted, namely;-
"3. This notification shall be deemed to have been applied for the period from 01-06-2011 to 31-03-2012 in the assessment year of 2012-2013 and also from the assessment years 2013-2014, 2014-2015, 2015-2016, 2016-2017, 2017-2018, 2018-2019 and shall apply with respect to the assessment years 2019-2020, 2020-2021, 2021-2022, 2022-2023, and 2023-2024.";
(b) at the end, the following Explanatory Memorandum shall be inserted, namely:-
"Explanatory Memorandum
This notification shall be given retrospective effect for the period from 01-06-2011 to 31-03-2012 in the assessment year of 2012-2013 and also from the assessment years 2013-2014, 2014-2015, 2015-2016, 2016-2017, 2017-2018, 2018-2019, in view of the order of the Hon'ble High Court of Karnataka in the matter of Mysore Palace Board V. the Central Board of Direct Taxes and 3 Others [W.P. No.40801 of 2019 (T-IT)], dated 17th Day of December, 2019. It is certified that by giving retrospective effect to the notification no person interest will adversely get affected.".3. This notification shall be deemed to have come into effect from 09th April, 2019.
[Notification No. 19/2020/ F.No.300196/63/2018-ITA-I]
PRAJNA PARAMITA, Director
[भाग II—खण् ड 3(ii)] भारत का राजपत्र : ऄसाधारण 3Explanatory Memorandum
It is hereby certified that no person interest is adversely affected by giving retrospective effect to this notification from 9th April, 2019.Note: The Principal notification was published in the Gazette of India, Extraordinary, Part-II, Section 3, Subsection (II) vide No. S.O. 1537(E) dated the 09th April, 2019.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.
9 April 2019, retrospectively.
In the notified body's returns and assessments for the years now covered, and in any proceeding for an earlier year reopened or pending on the strength of the earlier text.
← Notification No.22 [F.No. 505/01/1982-FTD-I (Pt.)]/ SO 1370(E) · Notification No. 20/2020 [F. No.189/3/2020-ITA-I] / SO 1189(E) →
Source: the Income Tax Department’s own published text — its page for this instrument.