1989 (4) TMI 67 - HC - Income Tax

Summary

The High Court of Punjab and Haryana held that the burden of proof for penalty under section 271(1)(c) of the Income-tax Act was wrongly placed on the assessee. The Tribunal erred in sustaining the penalty and the matter was sent back for a fresh decision with the burden of proof on the Department. The reference was answered in favor of the assessee.