<h1>Tax clearance certificate requirement limited to specified cases; approval and reasoned recording required before issuance.</h1> CBDT clarifies that an Income-tax clearance certificate is not required of all departing citizens; the amendment adding the Black Money Act aligns its liabilities with other direct tax laws but does not expand mandatory coverage. An ITCC may be imposed only in specific cases-notably where a resident is involved in serious financial irregularities or where unstayed direct tax arrears exceed the statutory threshold-and only after reasons are recorded and prior approval is obtained from the Principal Chief Commissioner or Chief Commissioner of Income-tax.