https://www.taxtmi.com/caselaws?id=26927 The court ruled in favor of the Revenue, stating that the Tribunal erred in canceling the penalty under section 271(1)(c) for the assessment year 1964-65. The court emphasized the burden of proof on the assessee to show no intention to conceal income and disagreed with the Tribunal's approach of placing the burden on the Revenue to prove concealment. The court declined to address the findings of the Appellate Assistant Commissioner post the penalty order and the Tribunal's determination on the absence of fraud or neglect by the assessee, deeming them irrelevant to the case. en-us Fri, 31 May 1985 00:00:00 +0530 Tue, 09 Feb 2010 14:59:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26927 The court ruled in favor of the Revenue, stating that the Tribunal erred in canceling the penalty under section 271(1)(c) for the assessment year 1964-65. The court emphasized the burden of proof on the assessee to show no intention to conceal income and disagreed with the Tribunal's approach of placing the burden on the Revenue to prove concealment. The court declined to address the findings of the Appellate Assistant Commissioner post the penalty order and the Tribunal's determination on the absence of fraud or neglect by the assessee, deeming them irrelevant to the case. Case-Laws Income Tax Fri, 31 May 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26927