Section - 158BF (of Income Tax Act, 1961), Certain interests and penalties not to be levied or imposed
Section - 158BF (of Income Tax Act, 1961), Certain interests and penalties not to be levied or imposed
Certain interests and penalties not to be levied or imposed.
No interest under the provisions of section 234A (of Income Tax Act, 1961), 234B (of Income Tax Act, 1961) 234C or penalty under the provisions of clause (c) of sub-section (1) of section 271 (of Income Tax Act, 1961) or section 271A (of Income Tax Act, 1961) or section 271B (of Income Tax Act, 1961) shall be levied or imposed upon the assessee in respect of the undisclosed income determined in the block assessment.
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