NITI Aayog calls for decriminalising 12 tax offences, urges shift to trust-based tax regime

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NITI Aayog advocates for decriminalizing 12 tax offenses and rationalizing punishments under the new Income-tax Act, 2025. The proposal aims to shift towards a trust-based system, reserving criminal prosecution for deliberate, large-scale misconduct and addressing minor defaults with civil penalties.