Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2004 (6) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2004 (6) TMI 39 - HC - Income TaxPenalty - After the coming into force of the Explanation to section 271(1)(c) of the Income-tax Act, the burden is on the assessee to show that there was no concealment of any particulars of any income - Tribunal was not correct in holding that the Explanation does not come into play. As per Explanation, the burden is on the assessee. Hence, we hold that the Tribunal should have decided the appeal in the light of the Explanation to section 271(1)(c) - Since the Tribunal has not considered it in the proper perspective, the Tribunal is directed to consider the matter
|