No section 271(1)(c) penalty for Mere claim of wrong deduction

PCIT Vs Sonu Realtors Private Limited (Bombay High Court) Wrong deduction claimed which resulted in reduction of Tax liability can’t amount to concealment of income Pr. Commissioner of Income Tax  (Appellant) filed the appeal being aggrieved against Order dated July 20, 2016 passed by Income Tax Appellate Tribunal (ITAT) in which the order of Appellant was set aside wherein it was alleged by the Appellant that Sonu Realtors Private Limited (Respondent) had made an attempt to reduce its tax liability by claiming wrong deduction and the Respondent committed a default of not computing the book...