Section 7. Write off in respect of certain amounts.

(1) Notwithstanding anything contained in the Relevant Act or under this Act, any arrears determined as per any statutory order for the specified period, as on the 30th April 2023, which are rupees two lakh or less per financial year under the Relevant Act shall be written off. (2) The post assessment interest or, as the case may be, post assessment penalty on such written off dues shall stand waived. (3) Notwithstanding anything contained in the Relevant Act, the post assessment interest or, as the case may be, post assessment penalty, if applicable, shall stand waived in the cases where the tax due as per any statutory order has been paid at any time on or before the 30th April 2023: Provided that, no order levying the post assessment interest or, as the case may be, post assessment penalty has been passed in such cases till the aforesaid date.