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of <h1>Income Tax Bill 2025 Clause 533 continues CBDT rule-making powers from Section 295 with modernized cross-references</h1> The Income Tax Bill 2025's Clause 533 carries forward the rule-making framework from Section 295 of the Income Tax Act 1961, empowering the Central Board of Direct Taxes to create subordinate legislation for effective tax administration under Central Government control. The provision maintains the four-part structure: general rule-making power, illustrative list of specific matters, estimation methods for income determination, and retrospective effect provisions with taxpayer protection safeguards. While substantially similar to its predecessor, Clause 533 modernizes cross-references to reflect the restructured Act and integrates contemporary administrative needs including digital processes and international compliance. The provision enables administrative flexibility, technical detailing, and policy implementation while maintaining judicial oversight against ultra vires exercise. This framework supports complex tax administration requirements, as exemplified by existing rules like Rule 44G governing Mutual Agreement Procedures under tax treaties, ensuring continuity in India's tax regulatory structure.
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