Union Budget: Direct Tax Proposals Aim to Reduce Litigation, Rationalise Penalties and Decriminalise Minor Offences
New Delhi: Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Tuesday presented the Union Budget 2026–27 in Parliament, proposing a series of direct tax reforms aimed at rationalising the penalty and prosecution framework, reducing litigation, and improving taxpayer trust while maintaining deterrence against serious offences. A key proposal seeks to integrate assessment and penalty…
