1970 (4) TMI 1 - SC - Income Tax

Burden of proof - Apart from the falsity of the explanation given by the assessee, there was cogent material or evidence from which it could be inferred that the assessee had concealed the particulars of his income or had deliberately furnished inaccurate particulars in respect of the same and that the disputed amount was a revenue receipt. Therefore, penalty could not be imposed u/s. 28(1)(c) - Revenue appeal is dismissed