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of <h1>Tax Authorities Gain Enhanced Inquiry Powers Under Clause 268, Introducing Streamlined Assessment Procedures with Strong Taxpayer Protections</h1> A comprehensive analysis of Clause 268 in the Income Tax Bill, 2025, reveals modernized inquiry procedures for tax assessments. The provision empowers tax authorities to request returns, documents, and asset statements while maintaining procedural safeguards. Key changes include explicit approval requirements for intrusive inquiries, standardized audit processes, and shifting special audit expenses to the government. The clause balances administrative efficiency with taxpayer rights, representing an evolutionary approach to tax assessment procedures compared to the existing legal framework.
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