https://www.taxtmi.com/caselaws?id=59993 The Tribunal upheld the disallowance of special commission payments as legitimate business expenditure, imposing a penalty under Section 271(1)(c) for income concealment. The assessee's failure to substantiate the payments' justification and disclose all material facts led to the penalty imposition, emphasizing the amended Explanation to Section 271(1)(c) shifting the burden of proof to the assessee. The Tribunal reversed the CIT(A)'s decision, reinstating the penalty imposed by the ITO. en-us Wed, 08 May 1985 00:00:00 +0530 Mon, 03 Jan 2011 12:02:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59993 The Tribunal upheld the disallowance of special commission payments as legitimate business expenditure, imposing a penalty under Section 271(1)(c) for income concealment. The assessee's failure to substantiate the payments' justification and disclose all material facts led to the penalty imposition, emphasizing the amended Explanation to Section 271(1)(c) shifting the burden of proof to the assessee. The Tribunal reversed the CIT(A)'s decision, reinstating the penalty imposed by the ITO. Case-Laws Income Tax Wed, 08 May 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59993