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<h1>Finance Bill 2020: Amends Section 144C to Expand DRP Process for Non-Residents and Foreign Companies from April 2020.</h1> The Finance Bill 2020 proposes amendments to Section 144C of the Act, impacting the Dispute Resolution Panel (DRP) process. The amendments aim to include cases where the Assessing Officer (AO) proposes variations prejudicial to the assessee's interest under the DRP's purview. Additionally, the definition of 'eligible assessee' will expand to include non-resident entities, excluding companies, and foreign companies. These changes, effective from April 1, 2020, ensure that any such variations proposed by the AO after this date will be subject to the DRP's binding directions.
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