https://www.taxtmi.com/caselaws?id=27548 The High Court remitted the case back to the Tribunal for reassessment, emphasizing the burden of proof on the assessee to rebut the presumption of deliberate concealment of income under section 271(1)(c) of the Income Tax Act, 1961. The Court criticized the lack of essential details in the assessee's explanation regarding undisclosed hundi loans and directed the assessee to provide additional evidence to meet the burden of proof. The Tribunal was instructed to evaluate the explanation offered by the assessee to determine if the initial onus had been discharged, highlighting the legal presumption of deliberate concealment of income. en-us Fri, 18 May 1984 00:00:00 +0530 Sat, 13 Feb 2010 15:22:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27548 The High Court remitted the case back to the Tribunal for reassessment, emphasizing the burden of proof on the assessee to rebut the presumption of deliberate concealment of income under section 271(1)(c) of the Income Tax Act, 1961. The Court criticized the lack of essential details in the assessee's explanation regarding undisclosed hundi loans and directed the assessee to provide additional evidence to meet the burden of proof. The Tribunal was instructed to evaluate the explanation offered by the assessee to determine if the initial onus had been discharged, highlighting the legal presumption of deliberate concealment of income. Case-Laws Income Tax Fri, 18 May 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27548