https://www.taxtmi.com/caselaws?id=38588 The Tribunal was justified in canceling the penalty order under section 271(1)(c) of the Income-tax Act. The Explanation to section 271(1)(c) could not be invoked for returns filed before April 1, 1964, shifting the burden of proof to the department to establish concealment of income. The Tribunal found errors in the Inspecting Assistant Commissioner's findings and correctly interpreted the assessee's letter, concluding that the department failed to prove the income was concealed. As a result, the Tribunal's decision to cancel the penalty order was upheld, ruling in favor of the assessee. en-us Mon, 28 Jun 1976 00:00:00 +0530 Wed, 07 Apr 2010 13:49:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38588 The Tribunal was justified in canceling the penalty order under section 271(1)(c) of the Income-tax Act. The Explanation to section 271(1)(c) could not be invoked for returns filed before April 1, 1964, shifting the burden of proof to the department to establish concealment of income. The Tribunal found errors in the Inspecting Assistant Commissioner's findings and correctly interpreted the assessee's letter, concluding that the department failed to prove the income was concealed. As a result, the Tribunal's decision to cancel the penalty order was upheld, ruling in favor of the assessee. Case-Laws Income Tax Mon, 28 Jun 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38588