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of <h1>Income Tax Bill 2025 Clause 363 mirrors existing tribunal powers with structured timelines and financial safeguards</h1> The Income Tax Bill 2025's Clause 363 largely mirrors Section 254 of the Income-tax Act 1961, governing the Appellate Tribunal's powers and procedures. Both provisions authorize the Tribunal to pass orders after hearing parties, rectify mistakes within six months, and grant stays of up to 180 days with 20% deposit requirements. Key features include mandatory disposal timelines of four years, automatic vacation of stays after 365 days regardless of fault, and discretionary cost awards. The provisions balance taxpayer rights with revenue protection, ensuring procedural fairness while preventing indefinite delays and frivolous appeals through structured timelines and financial safeguards.
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