https://www.taxtmi.com/caselaws?id=18097 The High Court upheld the Tribunal's decision in a case involving concealment of income for the assessment year 1970-71 under section 271(1)(c) of the Income-tax Act, 1961. The Court ruled in favor of the assessee, stating that the burden of proof was discharged and no concealment was established. Consequently, the penalty imposed by the Commissioner was cancelled, affirming the Tribunal's findings and dismissing the Department's appeal. en-us Wed, 14 Feb 1996 00:00:00 +0530 Sat, 26 Sep 2009 16:57:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18097 The High Court upheld the Tribunal's decision in a case involving concealment of income for the assessment year 1970-71 under section 271(1)(c) of the Income-tax Act, 1961. The Court ruled in favor of the assessee, stating that the burden of proof was discharged and no concealment was established. Consequently, the penalty imposed by the Commissioner was cancelled, affirming the Tribunal's findings and dismissing the Department's appeal. Case-Laws Income Tax Wed, 14 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18097