Delay could be condoned on the ground of Wrong Advice of Counsel

Facts of the case:

The assessee filed return of income for the year under consideration declaring taxable income of Rs.2,23,430/- . In the return of income, the assessee had claimed Rs.5 lacs as exempt under section 10(10C) of the out of total amount of Rs.6,86,346/- being the amount of ex-gratia received by him from his the then employer , State Bank of Patiala at the time of his retirement under the scheme known as Exit Option Scheme floated by the State Bank of Patiala. The assessee had also received

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