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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Finance Act 2020 amends Section 144C of Income-tax Act, altering provisions for non-residents and foreign companies.</h1> Section 144C of the Income-tax Act has been amended by the Finance Act, 2020. In sub-section (1), the phrase 'in the income or loss returned' is removed. In sub-section (15), clause (b), sub-clause (ii) is replaced to specify that it applies to any non-resident not being a company or any foreign company.