Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyal
Section 271(1)(c) of the Act. In the case of Intas Pharma Ltd. 138 taxmann.com 474 (Gujarat), the Hon'ble High Court held that merely because claim on merit was not granted, penalty could not be levied. In the case of National Textiles Corporation Ltd. 151 taxmann.com 512 (Delhi), the Hon'ble High Court held that where assessee