https://www.taxtmi.com/caselaws?id=37444 The Tribunal deleted the penalty imposed on the assessee for concealing income, holding that the burden of proof lay with the department. The court found that the Explanation to s. 271(1) applied retrospectively, shifting the burden to the assessee if income was less than 80% of assessed income. The court concluded that the Tribunal erred in deleting the penalty and directed further consideration of the appeal. en-us Tue, 01 Aug 1978 00:00:00 +0530 Mon, 29 Mar 2010 17:01:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37444 The Tribunal deleted the penalty imposed on the assessee for concealing income, holding that the burden of proof lay with the department. The court found that the Explanation to s. 271(1) applied retrospectively, shifting the burden to the assessee if income was less than 80% of assessed income. The court concluded that the Tribunal erred in deleting the penalty and directed further consideration of the appeal. Case-Laws Income Tax Tue, 01 Aug 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37444