https://www.taxtmi.com/caselaws?id=275681 In liquidation proceedings, an income-tax assessment is only prima facie evidence of a tax debt and not conclusive proof. Where suspicious circumstances suggest that the assessment may not reflect real income or profits, the liquidator may ask the court to go behind the assessment and require proof of a real and subsisting debt. The burden then rests on the liquidator to rebut the assessment by showing that no income was in fact earned or that no tax debt exists. A liquidation court should not reject the claim without permitting such rebuttal, so the tax claim should be treated as prima facie proved and investigated further. en-us Tue, 23 Mar 1943 00:00:00 +0630 Fri, 12 Oct 2018 14:30:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275681 In liquidation proceedings, an income-tax assessment is only prima facie evidence of a tax debt and not conclusive proof. Where suspicious circumstances suggest that the assessment may not reflect real income or profits, the liquidator may ask the court to go behind the assessment and require proof of a real and subsisting debt. The burden then rests on the liquidator to rebut the assessment by showing that no income was in fact earned or that no tax debt exists. A liquidation court should not reject the claim without permitting such rebuttal, so the tax claim should be treated as prima facie proved and investigated further. Case-Laws Income Tax Tue, 23 Mar 1943 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=275681