Section 297 — Certain interests and penalties not to be levied or imposed
Old Act equivalent: Section 158BF of IT Act 1961 Sub-part: Block Assessment / Search
Statutory Text
- Interest under section 423, 424 or 425 or penalty under section 439 shall
not be levied or imposed upon the assessee for the undisclosed income
assessed or reassessed for the block period. Levy of interest and penalty in certain cases. [S. 158BFA of the 1961 Act ]
Provisos
None.
Explanations
None.
Tables
None.
Cross-References
To be updated.
Notes
- Verification status: pending
- Auto-generated from IT Act 2025 PDF on 2026-04-13