Repeal and savings under income tax law preserve pending proceedings, carried-forward losses, credits, and transitional tax consequences. The repeal of the Income-tax Act, 1961 is accompanied by savings preserving prior acts, rights, liabilities, pending proceedings, and existing instruments so far as they are not inconsistent with the corresponding provisions of the new Act. Proceedings, penalties, interest, search-related matters, carried-forward credits, losses, deductions, and other transitional tax consequences relating to tax years beginning before 1 April 2026 continue to be governed by the repealed Act, with corresponding deeming and carry-forward rules under the new Act.