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<h1>Clause 290: Procedure for Modifying Tax Demand Notices Under Income Tax Bill 2025 and Insolvency Code Orders</h1> Clause 290 of the Income Tax Bill, 2025, outlines the procedure for modifying and revising a notice of demand. The Assessing Officer must issue a modified notice to the assessee if any tax, interest, penalty, or fine previously demanded under section 289 is reduced by an order from the Adjudicating Authority under the Insolvency and Bankruptcy Code, 2016. This modified notice is treated as a notice under section 289. If the order is further modified by the National Company Law Appellate Tribunal or the Supreme Court, the notice must be revised accordingly.