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<h1>Income Tax Bill 2025: Clause 529 allows authorities to revoke approvals anytime with recorded reasons and a hearing opportunity.</h1> Clause 529 of the Income Tax Bill, 2025, grants the Central Government, the Board, or an income-tax authority the power to withdraw any previously granted approval to an assessee under the Act. This withdrawal can occur at any time, provided that the reasons for such action are recorded. The clause mandates that the assessee must be given a reasonable opportunity to be heard before the approval is withdrawn, even if the specific provision does not explicitly allow for withdrawal.