Section 158BF of Income Tax Act 1961

Section 158BF of Income Tax Act 1961

Certain interests and penalties not to be levied or imposed

No interest under the provisions of section 234A234B or 234C or penalty under the provisions of clause (c) of sub-section (1) of section 271 or section 271A or section 271B shall be levied or imposed upon the assessee in respect of the undisclosed income determined in the block assessment.