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of <h1>Clause 319 replaces Section 175 empowering officers to assess individuals likely to transfer assets avoiding taxes</h1> Clause 319 of the Income Tax Bill, 2025 replaces Section 175 of the Income-tax Act, 1961, targeting tax avoidance through asset transfers. The provision empowers Assessing Officers to assess individuals likely to alienate assets to avoid tax liability. Key changes include assessing income from the current tax year's start rather than from the previous year's end, and updating procedural cross-references from Section 174 to Section 317. Both provisions override general charging sections and require the officer's opinion on likelihood and intent of asset transfer. The modernized terminology replaces 'assessment year' with 'tax year' while maintaining the core anti-avoidance objective and procedural safeguards.
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