Direct Taxes Code Clause 313: Rescindment Powers with Written Reasons and Assessee Hearing Opportunity.

Clause 313 of the Direct Taxes Code, 2010, grants the Central Government, the Board, or an income-tax authority the power to rescind any notification, order, approval, or registration previously issued under this Code. This rescindment can occur if reasons are documented in writing, and it is mandatory that the assessee is given an opportunity to present their case before any such action is finalized.

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