https://www.taxtmi.com/caselaws?id=25021 The High Court upheld the Tribunal's decision to impose a penalty under section 271(1)(c) of the Income-tax Act, 1961, as the assessee failed to prove the non-wilful nature of the alleged concealment of income. The Tribunal's finding that the burden of proof was not discharged by the assessee regarding lack of fraud or wilful neglect was upheld, emphasizing the assessee's obligation to prove innocence in penalty proceedings. The legal precedents cited supported the Department's requirement to establish the concealed income. The appeal against the penalty imposition was rejected, affirming the Tribunal's decision. en-us Fri, 11 Jul 1986 00:00:00 +0530 Sat, 23 Jan 2010 17:57:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25021 The High Court upheld the Tribunal's decision to impose a penalty under section 271(1)(c) of the Income-tax Act, 1961, as the assessee failed to prove the non-wilful nature of the alleged concealment of income. The Tribunal's finding that the burden of proof was not discharged by the assessee regarding lack of fraud or wilful neglect was upheld, emphasizing the assessee's obligation to prove innocence in penalty proceedings. The legal precedents cited supported the Department's requirement to establish the concealed income. The appeal against the penalty imposition was rejected, affirming the Tribunal's decision. Case-Laws Income Tax Fri, 11 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25021