Court Rules No Penalty for Assessee; Auditor Responsible for Incorrect Claim u/ss 271(1)(c) and 115JB.

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....Penalty u/s 271(1)(c) - tax u/s 115JB - assessee’s claim was that it was falling u/s 115JA and duly supported by the certificate of the auditors - If the claim was wrong the responsibility was that of the auditor who duly certified the same - assessee cannot be visited with penalty for the mistake of its consultant/auditor - no penalty....