Income tax amendment removes reference to section 144 from definition of specified domestic transaction, effective 1 April 2026.

Clause 42 of the Finance Bill, 2026 omits the words and figures "or section 144" from clause (d) of section 164 of the Income tax Act, 2025, thereby removing the cross reference to section 144 from the statutory definition of specified domestic transaction; the amendment takes effect from 1 April 2026.

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