https://www.taxtmi.com/caselaws?id=66976 The Appellate Tribunal ruled in favor of the assessee, canceling the penalty imposed by the Income-tax Appellate Commissioner (IAC) under section 271(1)(c). The Tribunal emphasized that the burden of proof for concealment lies with the Department, and as they failed to provide conclusive evidence that the amount represented concealed income, the penalty was deemed unjustified. en-us Tue, 06 May 1980 00:00:00 +0530 Tue, 08 Mar 2011 15:45:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66976 The Appellate Tribunal ruled in favor of the assessee, canceling the penalty imposed by the Income-tax Appellate Commissioner (IAC) under section 271(1)(c). The Tribunal emphasized that the burden of proof for concealment lies with the Department, and as they failed to provide conclusive evidence that the amount represented concealed income, the penalty was deemed unjustified. Case-Laws Income Tax Tue, 06 May 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66976