{"act":{"id":"finance-act-2020","short_title":"The Finance Act, 2020","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2020-2021.","act_number":null,"act_year":2020,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":157,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2020/"},"unit":"section","section":{"number":"151","heading":"Amendment of Sections 119, 120 and 132A","text":"Amendment of sections 119, 120 and 132A. 151. In sections 119, 120 and 132A of the principal Act, for the words \"recognised association\" wherever they occur, the words \"recognised stock exchange\" shall be substituted with effect from the 1st day of April, 2020.","html":"<p><b>Amendment of sections 119, 120 and 132A.</b></p><p><b>151.</b> In sections 119, 120 and 132A of the principal Act, for the words \"recognised association\" wherever they occur, the words \"recognised stock exchange\" shall be substituted with effect from the 1st day of April, 2020.</p>","words":43,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2020/section/151/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}