https://www.taxtmi.com/caselaws?id=11064 The High Court held that the Explanation to section 271(1)(c) of the Income-tax Act is integral to penalty proceedings, emphasizing the burden on the assessee to prove no concealment of income. It ruled that a separate notice is not required for invoking the Explanation, as it is covered under the penalty notice. The court disagreed with the Tribunal's decision to cancel the penalty, stating that the burden of proof lies with the assessee regarding concealment of income. The judgment clarified legal principles governing penalty proceedings for income concealment cases. en-us Thu, 03 Jun 2004 00:00:00 +0530 Thu, 30 Jul 2009 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11064 The High Court held that the Explanation to section 271(1)(c) of the Income-tax Act is integral to penalty proceedings, emphasizing the burden on the assessee to prove no concealment of income. It ruled that a separate notice is not required for invoking the Explanation, as it is covered under the penalty notice. The court disagreed with the Tribunal's decision to cancel the penalty, stating that the burden of proof lies with the assessee regarding concealment of income. The judgment clarified legal principles governing penalty proceedings for income concealment cases. Case-Laws Income Tax Thu, 03 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11064