Faceless appeal has survived India’s new tax statute, but not through a neat legislative reset. The real story lies in the savings clause, NFAC continuity and the growing centralisation of tax appellate process.
India's tax rewrite does not wipe away the 1961 Act's afterlife. Section 536 preserves pending appeals, refunds, losses, search cases and old liabilities, while quietly narrowing several transition arguments.
Middle class India costs no longer turn on food inflation alone. The sharper pressure now comes from school fees, medical spending, rent, transport and the formal cost of staying upwardly mobile.
India’s new tax law (Income Tax Act, 2025) takes effect from 1 April 2026 with cleaner drafting, fewer forms and a clearer structure. But the first years will be defined by dual compliance, parallel proceedings and transition risk.
India's sovereign credit rating is not a prestige marker. It is a judgment on debt, growth, fiscal credibility, external resilience and institutional quality - and on whether India can turn economic scale into a lower cost of capital.