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<h1>Approval Required for Prosecution Under Finance Bill 2016's Clause 173; Chief Commissioner of Income-Tax Oversight Needed.</h1> Clause 174 of the Finance Bill, 2016, concerning the Equalisation Levy, stipulates that prosecution for any offence under Clause 173 cannot be initiated without the prior approval of the Chief Commissioner of Income-tax. This provision ensures that legal proceedings related to the specified offences are subject to oversight by a high-ranking tax authority before being pursued.