https://www.taxtmi.com/caselaws?id=18517 Penalty under Section 271(1)(c) was examined in the context of Explanation 2 and the assessee's burden to displace the presumption of concealment or inaccurate particulars. The Tribunal held that the assessee had successfully discharged the negative burden on the facts, and that finding was treated as essentially factual and accepted. On that basis, the penalty was not sustained, with the issue resolved in favour of the assessee and against the Revenue. en-us Tue, 23 Jan 1996 00:00:00 +0530 Thu, 01 Oct 2009 13:41:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18517 Penalty under Section 271(1)(c) was examined in the context of Explanation 2 and the assessee's burden to displace the presumption of concealment or inaccurate particulars. The Tribunal held that the assessee had successfully discharged the negative burden on the facts, and that finding was treated as essentially factual and accepted. On that basis, the penalty was not sustained, with the issue resolved in favour of the assessee and against the Revenue. Case-Laws Income Tax Tue, 23 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18517