https://www.taxtmi.com/caselaws?id=28708 The Tribunal upheld the decision to delete the penalty imposed under s. 271(1)(c) of the I.T. Act, 1961, citing the Department's failure to prove income concealment and the non-retrospective application of the amended provisions from April 1, 1968. The burden of proof was emphasized, with the Tribunal requiring the Department to establish the income belonged to the assessee and was of a revenue nature. The Tribunal's decision favored the assessee, leading to the deletion of the penalty and highlighting the significance of legal precedents and the burden of proof in such cases. en-us Fri, 03 Jul 1981 00:00:00 +0530 Thu, 25 Feb 2010 10:36:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28708 The Tribunal upheld the decision to delete the penalty imposed under s. 271(1)(c) of the I.T. Act, 1961, citing the Department's failure to prove income concealment and the non-retrospective application of the amended provisions from April 1, 1968. The burden of proof was emphasized, with the Tribunal requiring the Department to establish the income belonged to the assessee and was of a revenue nature. The Tribunal's decision favored the assessee, leading to the deletion of the penalty and highlighting the significance of legal precedents and the burden of proof in such cases. Case-Laws Income Tax Fri, 03 Jul 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28708