New Delhi, July 18 -- A Lok Sabha panel reviewing the Income Tax Bill, 2025 is set to propose a more taxpayer-friendly approach to anti-avoidance provisions aimed at curbing aggressive tax planning.

The government is likely to accept most of the Select Committee's 285 recommendations and plans to reintroduce a revised legislation in the monsoon session of Parliament starting Monday, according to three persons aware of the working of the panel and the thinking in the government.

The Income Tax Bill, 2025, once approved by Parliament and assented to by the President, will become a law, replacing the Income Tax Act, 1961.

The committee, led by the ruling Bharatiya Janata Party's Lok Sabha member Baijayant Panda, is set to recommend that I...