Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2004 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2004 (12) TMI 80 - HC - Income TaxImposition of penalty under section 271(1)(c) - applicant had not disclosed the income of Rs. 10,000 in the original return and has disclosed it only after the search was conducted and reassessment proceeding was initiated. Thus, there has been a conscious effort on the part of the applicant to conceal the income. The applicant has not been able to rebut the presumption raised under the Explanation to section 271(1)(c) of the Act which was upon the applicant to prove that there was no gross or wilful neglect on his part. The question of shifting the burden/onus on the Department, in the circumstances, did not arise. - penalty under section 271(1)(c) was liable to be sustained
|