1974 (4) TMI 21 - HC - Income Tax

Summary

The High Court of Punjab and Haryana directed the Tribunal to refer a question of law regarding the deletion of a penalty for concealment of income under section 271(1)(c) of the Income-tax Act, 1961. The Tribunal had deleted the penalty, stating that the burden lies on the revenue to establish concealment. The court emphasized the importance of determining on whom the onus lies to prove deliberate concealment.