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of <h1>Income Tax Bill 2025 Clause 371 allows assessment amendments for members after collective entity appeals</h1> Clause 371 of the Income Tax Bill 2025 addresses amendment of assessments for members of bodies of individuals or associations of persons following appellate proceedings. When appeals under sections 356, 357, or 362 result in changes to the collective entity's assessment or direct new assessments, the Joint Commissioner, Commissioner, or Appellate Tribunal must authorize the Assessing Officer to amend or make fresh assessments for affected members. This provision mirrors Section 267 of the Income Tax Act 1961 but updates appellate section references to reflect the new legislative structure. The mandatory authorization requirement ensures procedural safeguards while maintaining equity between collective and individual tax liabilities.
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