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1973 (1) TMI 5 - HC - Income TaxLeviability of penalty for concealment of income - assessee admits that the disputed income belongs to him and files a revised return during the assessment proceedings - " Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that the penalty was exigible under section 271(1)(c) ? " - It is thus obvious that the department discharged the onus of proof by confronting the assessee with his own admission which he made by filing the revised return owning the amount in question to be his income and the assessee having failed to lead any evidence to show that the said admission was incorrectly made or should not be relied upon, no fault can be found with the income-tax authorities levying the penalty on the assessee - question referred to us is, therefore, answered in the affirmative
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