Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Exemption from interest and penalties on undisclosed income assessed for the block period in search assessments. No interest or penalty shall be levied in respect of undisclosed income determined for the block period in search assessments; the provision bars specified interest heads and the designated penalty head from being imposed upon the assessee for undisclosed income assessed or reassessed for the block period, and a subsequent legislative substitution revised the specific interest and penalty provisions covered.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemption from interest and penalties on undisclosed income assessed for the block period in search assessments.
No interest or penalty shall be levied in respect of undisclosed income determined for the block period in search assessments; the provision bars specified interest heads and the designated penalty head from being imposed upon the assessee for undisclosed income assessed or reassessed for the block period, and a subsequent legislative substitution revised the specific interest and penalty provisions covered.
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