Penalty proceedings – Whenever an addition/disallowance is made, initial burden is upon assessee to prove that it is not his concealed income or he has not furnished inaccurate particulars of such income

DECIDED BY: ITAT, MUMBAI `H’ BENCH, MUMBAI, IN THE CASE OF: ITO Vs. Heaven Distillery Pvt. Ltd., APPEAL NO: ITA No. 742/Mum/2008, DECIDED ON May 14, 2010

RELEVANT EXTRACTS:

20. We have carefully considered the rival submissions and perused fie record. In order to consider the issue in dispute, it may be necessary to appreciate the scope and ambit of the provisions of section 271 (1) (c) read with explanat

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