https://www.taxtmi.com/highlights?id=90808 The reviewed legislative clauses primarily involve textual simplifications and consolidations of provisions from the Income-Tax Act, 1961, into the Income-Tax Bill, 2025, without substantive policy changes. Key provisions address double taxation relief, transfer pricing, advance pricing agreements, safe harbour rules, and general anti-avoidance rules, maintaining their original intents while enhancing clarity and reducing litigation risks. Several drafting errors and ambiguities were identified, including incorrect cross-references, omission of critical definitions, and inconsistent terminology, which the Committee recommends be rectified to ensure legal precision and consistency. Specific concerns were raised regarding the treatment of reg..... en-us Tue, 22 Jul 2025 17:44:15 +0530 Tue, 22 Jul 2025 17:44:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=90808 The reviewed legislative clauses primarily involve textual simplifications and consolidations of provisions from the Income-Tax Act, 1961, into the Income-Tax Bill, 2025, without substantive policy changes. Key provisions address double taxation relief, transfer pricing, advance pricing agreements, safe harbour rules, and general anti-avoidance rules, maintaining their original intents while enhancing clarity and reducing litigation risks. Several drafting errors and ambiguities were identified, including incorrect cross-references, omission of critical definitions, and inconsistent terminology, which the Committee recommends be rectified to ensure legal precision and consistency. Specific concerns were raised regarding the treatment of reg..... Highlights Budget Tue, 22 Jul 2025 17:44:15 +0530 https://www.taxtmi.com/highlights?id=90808