https://www.taxtmi.com/caselaws?id=67798 The Tribunal held that there was no deliberate concealment of income by the assessee under section 271(1)(c) of the IT Act, 1961, and thus canceled the penalty imposed by the ITO. The Tribunal emphasized that the burden of proof lies on the assessee to show that concealment was not due to fraud or wilful neglect. The Commissioner of Income Tax's request to refer the question of deliberate concealment to the High Court was denied by the Tribunal, stating that the decision was based on factual analysis and no legal issue arose. en-us Mon, 30 Mar 1981 00:00:00 +0530 Mon, 14 Mar 2011 16:16:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67798 The Tribunal held that there was no deliberate concealment of income by the assessee under section 271(1)(c) of the IT Act, 1961, and thus canceled the penalty imposed by the ITO. The Tribunal emphasized that the burden of proof lies on the assessee to show that concealment was not due to fraud or wilful neglect. The Commissioner of Income Tax's request to refer the question of deliberate concealment to the High Court was denied by the Tribunal, stating that the decision was based on factual analysis and no legal issue arose. Case-Laws Income Tax Mon, 30 Mar 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67798