https://www.taxtmi.com/caselaws?id=56687 The Tribunal canceled the penalty of Rs. 53,035 imposed under section 271(1)(c) of the IT Act, 1961 for concealment of income for the assessment year 1968-69. The Tribunal found that the Department failed to establish deliberate concealment, noting discrepancies in the claim for sales promotion expenses were not proven beyond doubt. Emphasizing the burden of proof on the Department, the Tribunal ruled in favor of the assessee due to the lack of conclusive evidence indicating concealment of income. en-us Tue, 29 Nov 1977 00:00:00 +0530 Mon, 06 Dec 2010 13:19:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56687 The Tribunal canceled the penalty of Rs. 53,035 imposed under section 271(1)(c) of the IT Act, 1961 for concealment of income for the assessment year 1968-69. The Tribunal found that the Department failed to establish deliberate concealment, noting discrepancies in the claim for sales promotion expenses were not proven beyond doubt. Emphasizing the burden of proof on the Department, the Tribunal ruled in favor of the assessee due to the lack of conclusive evidence indicating concealment of income. Case-Laws Income Tax Tue, 29 Nov 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56687