2025Section 297
297. Certain interests and penalties not to be levied or imposed.
In the 1961 Act1 match · Unreviewed
- 1961 Section 158BF
From the Income Tax Department's correspondence.
Interest under section 423, 424 or 425 or penalty under section 439 shall not be levied or imposed upon the assessee for the undisclosed income assessed or reassessed for the block period.