https://www.taxtmi.com/caselaws?id=70158 The Tribunal held that the penalty imposed under Section 271(1)(c) of the Income Tax Act was not justified. It found that the assessee had surrendered income under a belief that no penalty would be levied, and initiating penalty proceedings after the surrender was improper. The Tribunal also ruled that statements obtained behind the assessee's back could not be used in penalty proceedings. Consequently, the burden of proof under the Explanation to Section 271(1)(c) was deemed discharged, leading to the cancellation of the penalty upon appeal. en-us Fri, 14 Jul 1978 00:00:00 +0530 Thu, 14 Apr 2011 16:39:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70158 The Tribunal held that the penalty imposed under Section 271(1)(c) of the Income Tax Act was not justified. It found that the assessee had surrendered income under a belief that no penalty would be levied, and initiating penalty proceedings after the surrender was improper. The Tribunal also ruled that statements obtained behind the assessee's back could not be used in penalty proceedings. Consequently, the burden of proof under the Explanation to Section 271(1)(c) was deemed discharged, leading to the cancellation of the penalty upon appeal. Case-Laws Income Tax Fri, 14 Jul 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70158