https://www.taxtmi.com/caselaws?id=8920 Whether penalty under s.271(1)(c) was exigible for concealment of income: HC reiterates that penalty proceedings are penal in nature and the department bears the burden to prove conscious concealment or deliberate furnishing of inaccurate particulars. An assessment-stage rejection of the assessee's explanation is prima facie relevant but not conclusive; the totality of circumstances must reasonably indicate the disputed amount was revenue income and deliberately concealed. Here the assessee filed a revised return admitting the amount as income and failed to adduce evidence to rebut that admission; accordingly the penalty under s.271(1)(c) was justified. en-us Wed, 03 Jan 1973 00:00:00 +0530 Tue, 13 Jan 2026 23:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8920 Whether penalty under s.271(1)(c) was exigible for concealment of income: HC reiterates that penalty proceedings are penal in nature and the department bears the burden to prove conscious concealment or deliberate furnishing of inaccurate particulars. An assessment-stage rejection of the assessee's explanation is prima facie relevant but not conclusive; the totality of circumstances must reasonably indicate the disputed amount was revenue income and deliberately concealed. Here the assessee filed a revised return admitting the amount as income and failed to adduce evidence to rebut that admission; accordingly the penalty under s.271(1)(c) was justified. Case-Laws Income Tax Wed, 03 Jan 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8920