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of <h1>Tax Relief Shield: Protecting Assessees from Excessive Interest and Penalties in Search Assessments Under Clause 297</h1> Clause 297 of the Income Tax Bill, 2025, addresses relief from interest and penalties in search assessments. The provision prevents levying interest under specified sections and imposing penalties for undisclosed income assessed during the block period. It mirrors the previous Section 158BF, updating references to corresponding sections while maintaining the core principle of protecting assessees from additional financial burdens during search-related tax proceedings. The clause aims to balance revenue collection with fairness in special assessment scenarios.
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