https://www.taxtmi.com/caselaws?id=5721 The Explanation to Section 271(1)(c) of the Income-tax Act, 1961 governs concealment penalty where assessed income exceeds returned income beyond the prescribed threshold, shifting the burden to the assessee to rebut the statutory presumption. The earlier view in Anwar Ali no longer applies to such proceedings. The assessee must discharge the onus created by the Explanation with material showing absence of concealment or inaccurate particulars. On the stated facts, that onus was not discharged, so the concealment penalty was justified. en-us Thu, 22 Jan 1998 00:00:00 +0530 Sat, 11 Oct 2025 08:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5721 The Explanation to Section 271(1)(c) of the Income-tax Act, 1961 governs concealment penalty where assessed income exceeds returned income beyond the prescribed threshold, shifting the burden to the assessee to rebut the statutory presumption. The earlier view in Anwar Ali no longer applies to such proceedings. The assessee must discharge the onus created by the Explanation with material showing absence of concealment or inaccurate particulars. On the stated facts, that onus was not discharged, so the concealment penalty was justified. Case-Laws Income Tax Thu, 22 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5721