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of <h1>New rule: show-cause and approval required before issuing clause 280 notice for alleged escaped income, limited exclusions</h1> The provision mandates that before issuing a notice under clause 280 for alleged escaped income an assessing officer must serve a show-cause notice disclosing the information relied on and allow the taxpayer a specified period to reply, then decide with prior approval of a designated authority whether to issue the clause 280 notice; exclusions apply where information arises from a s.260 scheme, Approving Panel directions under s.274(6), or judicial/tribunal findings. The enacted text mainly refines drafting (clarifying the object of the show-cause) without materially changing rights or obligations.
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