New Income Tax Act: What happens to pending notices, appeals and searches
The Income-tax Act, 2025 replaced the six-decade-old Income-tax Act, 1961 from April 1, 2026. While the new law applies to tax year 2026-27 onwards, not every pending proceeding has shifted to the new regime. The transition is governed by Section 536 of the Income-tax Act, 2025, which contains the repeal and savings provisions. To remove…
