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 ... Summary
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.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 1
Join Channel
TaxTMI 
