High Court Rules No Penalty for Assessee; Claim Based on Chartered Accountant's Advice Not Concealment u/s 271(1)(c.

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....Penalty u/s 271(1)(c) - assessee did not furnish inaccurate particulars with the intention to conceal income and rather it made a claim on the advise of the chartered accountant which was found to be not correct - No penalty - HC....