https://www.taxtmi.com/caselaws?id=28461 The High Court of Calcutta considered a penalty imposed on an assessee under the Explanation to section 271(1)(c) of the Income Tax Act for the assessment year 1964-65. The assessee challenged the penalty, arguing against concealment of income. The Tribunal deleted the penalty, emphasizing the significant difference between the income returned and assessed. The High Court upheld the Tribunal's decision, ruling in favor of the assessee and highlighting the importance of proving concealment of income and the burden of proof on the Department in penalty proceedings. en-us Tue, 22 Jun 1982 00:00:00 +0530 Mon, 22 Feb 2010 18:00:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28461 The High Court of Calcutta considered a penalty imposed on an assessee under the Explanation to section 271(1)(c) of the Income Tax Act for the assessment year 1964-65. The assessee challenged the penalty, arguing against concealment of income. The Tribunal deleted the penalty, emphasizing the significant difference between the income returned and assessed. The High Court upheld the Tribunal's decision, ruling in favor of the assessee and highlighting the importance of proving concealment of income and the burden of proof on the Department in penalty proceedings. Case-Laws Income Tax Tue, 22 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28461