https://www.taxtmi.com/caselaws?id=30882 The appeal filed by the Revenue was allowed, and the impugned order passed by the Income-tax Appellate Tribunal was set aside. The case was remanded back to the Tribunal with a direction to pass a fresh order after hearing the parties, keeping in view the law laid down by the Supreme Court in K. P. Madhusudhanan. The court emphasized that the primary onus is on the assessee to prove no concealment, and no separate inquiry is necessary beyond the penalty proceedings initiated by the Revenue. en-us Thu, 31 Aug 2006 00:00:00 +0530 Fri, 03 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30882 The appeal filed by the Revenue was allowed, and the impugned order passed by the Income-tax Appellate Tribunal was set aside. The case was remanded back to the Tribunal with a direction to pass a fresh order after hearing the parties, keeping in view the law laid down by the Supreme Court in K. P. Madhusudhanan. The court emphasized that the primary onus is on the assessee to prove no concealment, and no separate inquiry is necessary beyond the penalty proceedings initiated by the Revenue. Case-Laws Income Tax Thu, 31 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30882