https://www.taxtmi.com/caselaws?id=26845 The High Court dismissed the penalty imposed on the assessee under section 271(1)(c) of the Income-tax Act, 1961. The Court found that the assessee had successfully discharged the burden of proof, and the Department failed to provide evidence to rebut the material evidence presented. Emphasizing the importance of thorough examination of evidence, the Court ruled in favor of the assessee, highlighting the necessity for substantial evidence to establish concealment of income before imposing penalties for non-disclosure. en-us Tue, 18 Dec 1984 00:00:00 +0530 Mon, 08 Feb 2010 18:32:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26845 The High Court dismissed the penalty imposed on the assessee under section 271(1)(c) of the Income-tax Act, 1961. The Court found that the assessee had successfully discharged the burden of proof, and the Department failed to provide evidence to rebut the material evidence presented. Emphasizing the importance of thorough examination of evidence, the Court ruled in favor of the assessee, highlighting the necessity for substantial evidence to establish concealment of income before imposing penalties for non-disclosure. Case-Laws Income Tax Tue, 18 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26845