How to get back missing `Local Changes` tab inside `Version Control/Git` tab in Android Studio 4.1?
Just disable the following option under File | Settings | Version Control | Commit:
The "Local Changes" feature is not removed, it's relocated to the left-side, under project structures, similar to VSCode:
You can also use CMD+K to open this new tab on macOS. If someone knows the shortcut for Windows or Linux, feel free to add :D