https://www.taxtmi.com/caselaws?id=39144 The High Court of Orissa upheld the levy of penalty under section 271(1)(c) of the Income Tax Act for concealment of income. It emphasized the burden of proof on the revenue department in cases of concealment of income, citing relevant case law. The court found that the Appellate Tribunal erred in placing the burden of proof on the revenue and disregarding the Explanation to section 271(1)(c). The court also addressed the issue of misleading notices but refrained from making a definitive ruling due to lack of evidence. Ultimately, the court ruled in favor of upholding the penalty, directing each party to bear their own costs. en-us Wed, 16 Jul 1975 00:00:00 +0530 Tue, 13 Apr 2010 12:11:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39144 The High Court of Orissa upheld the levy of penalty under section 271(1)(c) of the Income Tax Act for concealment of income. It emphasized the burden of proof on the revenue department in cases of concealment of income, citing relevant case law. The court found that the Appellate Tribunal erred in placing the burden of proof on the revenue and disregarding the Explanation to section 271(1)(c). The court also addressed the issue of misleading notices but refrained from making a definitive ruling due to lack of evidence. Ultimately, the court ruled in favor of upholding the penalty, directing each party to bear their own costs. Case-Laws Income Tax Wed, 16 Jul 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39144