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of <h1>Enacted Section 259 narrows notice power by defining 'proceeding' via Section 253; permits Section 260 scheme processing without added safeguards</h1> The enacted Section 259 and the earlier Bill provision both empower a prescribed income-tax authority to issue notices requiring persons to furnish information in specified form, manner and time for verification of information in the authority's possession and for use in inquiries or proceedings under the Act, and permit processing of received material under a scheme notified under section 260. The enacted text adds subsection (3) expressly defining 'proceeding' by reference to section 253, narrowing interpretive uncertainty about the scope of proceedings that justify such notices; no procedural safeguards or the content of section 260 are provided.
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