https://www.taxtmi.com/caselaws?id=28370 The High Court upheld the Tribunal's decision to delete the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. The Court emphasized that the burden was on the Department to prove that the amounts in question constituted the concealed income of the assessee. It was found that the assessee had provided a plausible explanation, shifting the burden back to the Department, which failed to bring sufficient evidence. The Court concluded that the penalty could not be sustained as the charge of concealment had not been established, ultimately affirming the deletion of the penalty. en-us Wed, 16 Mar 1983 00:00:00 +0530 Mon, 22 Feb 2010 10:27:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28370 The High Court upheld the Tribunal's decision to delete the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. The Court emphasized that the burden was on the Department to prove that the amounts in question constituted the concealed income of the assessee. It was found that the assessee had provided a plausible explanation, shifting the burden back to the Department, which failed to bring sufficient evidence. The Court concluded that the penalty could not be sustained as the charge of concealment had not been established, ultimately affirming the deletion of the penalty. Case-Laws Income Tax Wed, 16 Mar 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28370