https://www.taxtmi.com/caselaws?id=18920 The High Court of Allahabad set aside the Income-tax Appellate Tribunal's decision in a case involving the application of section 271(1)(c) of the Income-tax Act. The Tribunal had allowed the assessee's appeal, stating that the Revenue failed to prove the assessee's concealed income. The High Court found that the Tribunal erred in not considering the applicability of the Explanation to section 271(1)(c) and directed the Tribunal to redecide the appeal in light of this. The court deemed questions 1 and 2 redundant and ordered each party to bear their own costs. en-us Thu, 31 Aug 1995 00:00:00 +0530 Mon, 02 Nov 2009 17:40:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18920 The High Court of Allahabad set aside the Income-tax Appellate Tribunal's decision in a case involving the application of section 271(1)(c) of the Income-tax Act. The Tribunal had allowed the assessee's appeal, stating that the Revenue failed to prove the assessee's concealed income. The High Court found that the Tribunal erred in not considering the applicability of the Explanation to section 271(1)(c) and directed the Tribunal to redecide the appeal in light of this. The court deemed questions 1 and 2 redundant and ordered each party to bear their own costs. Case-Laws Income Tax Thu, 31 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18920