INAPPLICABILITY OF CERTAIN PENALTIES AND ADDITIONS TO TAX.

SEC. 103. INAPPLICABILITY OF CERTAIN PENALTIES AND ADDITIONS TO TAX. (a) Penalties for Failure To File Return.—Section 145 (relating to penalties with respect to failure to file returns, pay tax, etc.) is hereby amended by relettering subsection (f) as subsection (g) and by adding after subsection (e) a new subsection (f) as follows: “(f) In the case of taxable years beginning prior to November 1, 1951, and ending after October 31, 1951. the penalties prescribed by this section for willful failure to make declarations of, or pay, estimated tax shall not be applicable to a failure to take into account the increase in rates of tax imposed on individuals by the Revenue Act of 1951.” (b) Additions to Tax.—Section 294 (d) (2) (relating to additions to tax for substantial underestimates of estimated tax) is hereby amended by adding at the end thereof a new sentence as follows: “In the case of taxable years beginning prior to November 1, 1951, and ending after October 31, 1951, the additions to tax prescribed by this subsection shall not be applicable if the taxpayer failed to meet the requirements of this paragraph by reason of the increase in rates of tax on individuals imposed by the Revenue Act of 1951.”