Standalone Multiple Choice Questions.

CA Final · Direct Tax Laws and International Taxation · MTP · November 2026
Standalone Multiple Choice Questions.
(A) The assessee is correct only with respect to interest under section 234A.
(B) The assessee is correct only with respect to penalty under section 158BFA.
(C) The assessee is correct with respect to interest under sections 234A, 234B and 234C but not for penalty under section 158BFA.
(D) The assessee is incorrect because all these provisions apply to block-period undisclosed income.

Suggested Answer and Working Notes:

Correct Answer: Option (C)

The assessee is correct with respect to interest under sections 234A, 234B and 234C but not for penalty under section 158BFA.

Topics: Assessment Procedure, Miscellaneous Provisions, Non-Resident Taxation

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