https://www.taxtmi.com/caselaws?id=37614 The High Court of Allahabad clarified that penalties under Section 17 can only be imposed in cases of deliberate concealment or furnishing inaccurate particulars. The court found the imposition of a penalty of Rs. 10,000 unjustified as there was no clear evidence of deliberate misconduct by the assessee. The court emphasized the burden of proof lies on the department to establish the necessary elements for liability. The second issue was not addressed due to the resolution of the first issue. The court awarded costs of Rs. 200 to the assessee. en-us Tue, 25 Jul 1978 00:00:00 +0530 Wed, 31 Mar 2010 10:20:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37614 The High Court of Allahabad clarified that penalties under Section 17 can only be imposed in cases of deliberate concealment or furnishing inaccurate particulars. The court found the imposition of a penalty of Rs. 10,000 unjustified as there was no clear evidence of deliberate misconduct by the assessee. The court emphasized the burden of proof lies on the department to establish the necessary elements for liability. The second issue was not addressed due to the resolution of the first issue. The court awarded costs of Rs. 200 to the assessee. Case-Laws Income Tax Tue, 25 Jul 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37614