Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1971 (10) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1971 (10) TMI 22 - ALLAHABAD HIGH COURTWhether the order of the Appellate Tribunal was vitiated by its failure to consider all the material upon which the Appellate Assistant Commissioner rested his decision upholding the order of penalty imposed by the ITO - Whether the mere failure of the assessee to prove the nature and source of the deposits was sufficient to discharge the burden of the department that the assessee was liable to penalty under section 28(1)(c) - held that in the absence of cogent material evidence, apart from the falsity of the assessee's explanation, it cannot be inferred that the assessee has concealed the particulars of his income or has deliberately furnished inaccurate particulars - therefore, we answer both the questions in the negative and against the department
|