https://www.taxtmi.com/caselaws?id=11656 The court upheld the decision to reject a revised return filed by a partnership firm after the detection of a discrepancy by the Income-tax Officer, ruling it as a case of tax evasion. The Tribunal set aside a penalty imposed under the Explanation to section 271(1)(c) of the Income-tax Act, citing a misplacement of the burden of proof. The court ultimately upheld the penalty imposition, emphasizing the need for the Revenue to prove cases of inaccurate income reporting. en-us Tue, 29 Apr 2003 00:00:00 +0530 Fri, 05 Feb 2010 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11656 The court upheld the decision to reject a revised return filed by a partnership firm after the detection of a discrepancy by the Income-tax Officer, ruling it as a case of tax evasion. The Tribunal set aside a penalty imposed under the Explanation to section 271(1)(c) of the Income-tax Act, citing a misplacement of the burden of proof. The court ultimately upheld the penalty imposition, emphasizing the need for the Revenue to prove cases of inaccurate income reporting. Case-Laws Income Tax Tue, 29 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11656