India will implement its new Income Tax framework from April 1, 2026, replacing the 1961 law to simplify provisions and modernise compliance. Announced by Finance Minister Nirmala Sitharaman, the overhaul aims to align taxation with India’s evolving economic landscape.
Today, On 6th September, the Chief Justice of India acknowledged concerns about vacancies in the Income Tax Appellate Tribunal (ITAT) raised by the Bengaluru Bar Association. He assured that the Supreme Court will address the issue and look into the unfilled positions. The ITAT, responsible for direct tax appeals, currently faces delays due to insufficient members.
