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of <h1>Income Tax Bill 2025 Clause 378 allows senior authorities to revise subordinate orders within one year</h1> The Income Tax Bill 2025's Clause 378 mirrors Section 264 of the Income-tax Act 1961, empowering senior tax authorities to revise subordinate orders that are not prejudicial to assessees. Both provisions allow revision within one year, either suo motu or on application, with similar exclusions where appeals are available. Key improvements in Clause 378 include a guaranteed minimum 60-day period for decisions after excluding time for rehearings or stays, updated nomenclature reflecting current administrative hierarchy, and modernized cross-references. The provision maintains essential taxpayer protections while introducing measured improvements for efficiency and clarity in tax administration.
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