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<h1>Court orders reassessment of income explanation to rebut fraud presumption</h1> The High Court of Allahabad directed the Tribunal to re-examine the assessee's explanation for income discrepancies to ascertain if it sufficiently ... Assessed Income, Burden Of Proof, Fraud Or Gross Or Wilful Neglect The High Court of Allahabad found that the Tribunal did not properly consider the assessee's explanation for discrepancies in income reported. The Tribunal was instructed to re-examine the matter and determine if the explanation provided by the assessee was sufficient to rebut the presumption of fraud or neglect. The case was returned to the Tribunal for rehearing in accordance with the law.