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of <h1>Income Tax Bill 2025 Clause 534 streamlines parliamentary oversight of tax rules and notifications</h1> The Income Tax Bill, 2025 introduces Clause 534 to replace Section 296 of the Income-tax Act, 1961, both governing parliamentary oversight of delegated legislation in tax law. Clause 534 requires the Central Government to lay before Parliament: (a) rules made under the Act, (b) Appellate Tribunal procedural rules under Section 364, and (c) notifications under Sections 263(3), 264, and Chapter XIII-G. These must be laid within thirty days across parliamentary sessions, allowing both Houses to modify or annul them before the following session expires. The provision includes a 'without prejudice' clause protecting prior actions. Compared to Section 296, Clause 534 narrows the scope by excluding Settlement Commission and Authority for Advance Rulings procedural rules, while introducing new notification categories. This streamlining reflects institutional changes in the new tax regime while maintaining the constitutional principle of legislative oversight over executive rule-making powers.
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