{"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":"52","heading":"Amendment of Section 115BAB","text":"Amendment of section 115BAB. 52. In section 115BAB of the Income-tax Act, in sub-section (2),— (i) | in clause (c), in sub-clause (i), for the words, figures and letters 'Chapter VI-A under the heading \"C.—Deductions in respect of certain incomes\" other than the provisions of section 80JJAA', the words, figures and letters \"Chapter VI-A other than the provisions of section 80JJAA or section 80M\" shall be substituted with effect from 1st day of April, 2021; (ii) | after clause (c), the following Explanation shall be inserted, namely:— 'Explanation.—For the purposes of clause (b), the \"business of manufacture or production of any article or thing\" shall include the business of generation of electricity.'.","html":"<p><b>Amendment of section 115BAB.</b></p><p><b>52.</b> In section 115BAB of the Income-tax Act, in sub-section (2),—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>in clause (<i>c</i>), in sub-clause (<i>i</i>), for the words, figures and letters 'Chapter VI-A under the heading \"<i>C.—Deductions in respect of certain incomes</i>\" other than the provisions of section 80JJAA', the words, figures and letters \"Chapter VI-A other than the provisions of section 80JJAA or section 80M\" shall be substituted with effect from 1st day of April, 2021;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>after clause (<i>c</i>), the following <i>Explanation</i> shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>'<i>Explanation</i>.—For the purposes of clause (<i>b</i>), the \"business of manufacture or production of any article or thing\" shall include the business of generation of electricity.'.</td></tr></table></div>","words":112,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2020/section/52/","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."}