https://www.taxtmi.com/caselaws?id=29621 The High Court held that the Tribunal erred in vacating the penalty imposed on the assessee under section 271(1)(c) of the Income-tax Act, 1961. The Court emphasized the significance of the Explanation to section 271(1)(c), which shifts the burden of proof to the assessee in cases where returned income is less than assessed income. The Court directed the Tribunal to reconsider the case, stressing that penalty proceedings require the department to establish concealment or inaccurate particulars. The matter was remanded for further evaluation in light of the burden of proof and evidentiary considerations. en-us Wed, 21 Apr 1982 00:00:00 +0530 Mon, 15 Mar 2010 11:45:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29621 The High Court held that the Tribunal erred in vacating the penalty imposed on the assessee under section 271(1)(c) of the Income-tax Act, 1961. The Court emphasized the significance of the Explanation to section 271(1)(c), which shifts the burden of proof to the assessee in cases where returned income is less than assessed income. The Court directed the Tribunal to reconsider the case, stressing that penalty proceedings require the department to establish concealment or inaccurate particulars. The matter was remanded for further evaluation in light of the burden of proof and evidentiary considerations. Case-Laws Income Tax Wed, 21 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29621