New Provision
Section 374, IT Act 2025
Replaces (IT Act 1961)
494 269
Chapter
Chapter XVII — Special Provisions for Firms
Effective From
1 April 2026
Statutory Text — Section 374
r the purposes of this Chapter, “High Court” means,— (i) for any State, the High Court for that State; (ii) for the Union territory of Jammu and Kashmir, the High Court of Jammu and Kashmir and Ladakh; (iii) for the Union territory of Ladakh, the High Court of Jammu and Kashmir and Ladakh; (iv) for the Union territory of the Andaman and Nicobar Islands, the High Court at Calcutta; (v) for the Union territory of Lakshadweep, the High Court of Kerala; (vi) for the Union territory of Chandigarh, the High Court of Punjab and Haryana; (vii) for the Union territories of Dadra and Nagar Haveli and Daman and Diu, the High Court at Bombay; (viii) for the Union territory of Puducherry, the High Court at Madras; and (ix) for the National Capital Territory of Delhi, the High Court of Delhi. B.—Special provisions for avoiding repetitive appeals
Shahi & Co. — Our Understanding
This section is part of Chapter XVII of the Income Tax Act, 2025, effective from 1 April 2026. It carries forward the corresponding provision from the Income Tax Act, 1961 with simplified language and restructured drafting.
Practical Note: For specific guidance on how this provision applies to your situation, consult a qualified Chartered Accountant. The Income Tax Act, 2025 retains the substance of the old law while making it more accessible.
Shahi & Co., Chartered Accountants
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Disclaimer: This is a reproduction of Section 374 of the Income Tax Act, 2025 (No. 30 of 2025) as published in the Official Gazette of India (CG-DL-E-22082025-265620) for informational and reference purposes only. Shahi & Co., Chartered Accountants makes no warranty as to completeness or accuracy. For the official authenticated text refer to
egazette.gov.in or
incometaxindia.gov.in. This does not constitute legal or tax advice.