https://www.taxtmi.com/caselaws?id=20606 The High Court held that the Tribunal erred in reducing the concealed income and penalty for an assessee, a medical practitioner, under section 271(1)(c) of the Income-tax Act, 1961. The Court emphasized that the burden of proof shifted to the assessee due to an amendment in the law. Additionally, the Court clarified that the penalty should be imposed based on the law prevailing on the date of filing the original return, not the assessment order date. en-us Thu, 17 Dec 1992 00:00:00 +0530 Mon, 16 Nov 2009 11:00:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20606 The High Court held that the Tribunal erred in reducing the concealed income and penalty for an assessee, a medical practitioner, under section 271(1)(c) of the Income-tax Act, 1961. The Court emphasized that the burden of proof shifted to the assessee due to an amendment in the law. Additionally, the Court clarified that the penalty should be imposed based on the law prevailing on the date of filing the original return, not the assessment order date. Case-Laws Income Tax Thu, 17 Dec 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20606