Govt pulls I-T Bill, fresh draft on Monday
New Delhi, Aug. 9 -- The government has withdrawn the Income-Tax Bill that was introduced in the Lok Sabha on February 13 to introduce a new version of the legislation on Monday, which will incorporate "most of the recommendations" proposed by the Select Committee of Parliament that reviewed it, an official said.
The official, who did not wish to be named, added that the Income-Tax Bill, 2025 has been withdrawn "to avoid confusion by multiple versions of the Bill and to provide a clear and updated version with all changes incorporated". The new version of the Bill will be introduced for the consideration of the House on Monday, he added.
To be sure, this is standard practice in the case of bills where several changes have been made.
The Inc...
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