Penalty to be levied only when it is proved that ‘income concealment’ or ‘inaccurate particular’ was furnished: HC

INCOME TAX : Burden of proof in penalty proceedings vary from that in assessment proceedings and findings in assessment proceedings would not automatically be adopted in penalty proceedings; in penalty proceedings revenue authorities have to arrive at independent finding related to 'concealment of income' or 'inaccurate particular'

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000193127/penalty-to-be-levied-only-when-it-is-proved-that-‘income-concealment’-or-‘inaccurate-particular’-was-furnished-hc.aspx