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<h1>Exemption from interest and penalties on undisclosed income assessed for the block period in search assessments.</h1> 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.