No penalty leviable if wrong claim made in income tax return on the basis of Wrong Advice: HC

No penalty leviable if wrong claim made in income tax return on the basis of Wrong Advice: HC

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Concealment penalty could not be levied merely because assessee on advice of his CA made a wrong claim of deduction under section 80-IA

[2018] 90 taxmann.com 150 (Punjab & Haryana)

HIGH COURT OF PUNJAB AND HARYANA

Commissioner of Income Tax-I, Ludhiana

v.

Abhishek Industries Ltd.


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