https://www.taxtmi.com/caselaws?id=37445 The High Court of Patna held that the Income-tax Appellate Tribunal erred in deleting penalties imposed on the assessee under section 271(1)(c) of the Income-tax Act, 1961. The court ruled in favor of the income-tax department, stating that the burden of proof lies on the assessee to show that income disparities did not result from fraud or neglect. The Tribunal was directed to reconsider the assessee's appeals against the penalty imposition. Judges Shiveshwar Prasad Sinha and Vishwanath Mishra concurred with the decision. en-us Fri, 17 Nov 1978 00:00:00 +0530 Mon, 29 Mar 2010 17:02:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37445 The High Court of Patna held that the Income-tax Appellate Tribunal erred in deleting penalties imposed on the assessee under section 271(1)(c) of the Income-tax Act, 1961. The court ruled in favor of the income-tax department, stating that the burden of proof lies on the assessee to show that income disparities did not result from fraud or neglect. The Tribunal was directed to reconsider the assessee's appeals against the penalty imposition. Judges Shiveshwar Prasad Sinha and Vishwanath Mishra concurred with the decision. Case-Laws Income Tax Fri, 17 Nov 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37445