https://www.taxtmi.com/caselaws?id=13148 The High Court held that the Tribunal erred in canceling the penalty imposed by the Assessing Officer under section 271(1)(c) of the Income-tax Act for the assessment year 1983-84. The Court found that the burden of proof lay on the assessee in penalty proceedings and concluded that the assessee had concealed income, justifying the penalty. The Court criticized the lower authorities for interfering with the penalty levy and ruled in favor of the Revenue, setting aside the Tribunal and Commissioner's orders, and reinstating the penalty imposed by the Assessing Officer. en-us Tue, 27 Nov 2001 00:00:00 +0530 Tue, 26 May 2009 16:44:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13148 The High Court held that the Tribunal erred in canceling the penalty imposed by the Assessing Officer under section 271(1)(c) of the Income-tax Act for the assessment year 1983-84. The Court found that the burden of proof lay on the assessee in penalty proceedings and concluded that the assessee had concealed income, justifying the penalty. The Court criticized the lower authorities for interfering with the penalty levy and ruled in favor of the Revenue, setting aside the Tribunal and Commissioner's orders, and reinstating the penalty imposed by the Assessing Officer. Case-Laws Income Tax Tue, 27 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13148