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![Mere Rejection of a Claim would not attract Penalty under Income Tax Act: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "Mere Rejection of a Claim would not attract Penalty under Income Tax Act: Gujarat HC [Read Order]")
Mere Rejection of a Claim would not attract Penalty under Income Tax Act: Gujarat HC [Read Order]
A division bench of the Gujarat High Court, in CIT v. ORG Informatics Ltd, held that penalty cannot be levied on assessee solely on ground of...