NEW Mint
Thu 22 Oct 2026 01:47:10 PM
Income Tax Act 2025: Old refund claims and pending assessments won't end with the new law — what changed from April 2026
SUMMARY
# Income Tax Act 2025: Old Claims & Assessments Continue Beyond New Law
The new Income Tax Act 2025, effective from April 1, 2026, replaces the 1961 Act but doesn't nullify pending refund claims or ongoing assessments. All existing proceedings, appeals, and refund applications filed under the old Act will continue and be resolved under previous provisions. The government ensured transitional safeguards so taxpayers don't lose rights. Any action initiated before April 2026 remains valid, providing continuity and legal certainty during the shift to the simplified tax framework.
The new Income Tax Act 2025, effective from April 1, 2026, replaces the 1961 Act but doesn't nullify pending refund claims or ongoing assessments. All existing proceedings, appeals, and refund applications filed under the old Act will continue and be resolved under previous provisions. The government ensured transitional safeguards so taxpayers don't lose rights. Any action initiated before April 2026 remains valid, providing continuity and legal certainty during the shift to the simplified tax framework.
Relevant For:
Prelims + Mains
GS - III
Economy
Focus Area
Income Tax Act 2025
Direct Tax Reform
Tax Administration
Refund Claims
Pending Assessments
Repeal and Savings Clause
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