https://www.taxtmi.com/caselaws?id=285166 The text explains that reopening of assessment is conditional on the Department showing the statutory basis for escaped income, while the assessee need not first disprove it. It also states that unexplained credits in the names of close relatives may be treated as the assessee's taxable income when the explanations are rejected and the inference is supported by material, without perversity in the Tribunal's findings. Finally, it notes that the Tribunal may rectify its mistake under section 35 when the statutory requirements for correction are met and jurisdiction exists. en-us Thu, 07 Jan 1960 00:00:00 +0530 Tue, 31 Dec 2019 12:36:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285166 The text explains that reopening of assessment is conditional on the Department showing the statutory basis for escaped income, while the assessee need not first disprove it. It also states that unexplained credits in the names of close relatives may be treated as the assessee's taxable income when the explanations are rejected and the inference is supported by material, without perversity in the Tribunal's findings. Finally, it notes that the Tribunal may rectify its mistake under section 35 when the statutory requirements for correction are met and jurisdiction exists. Case-Laws Income Tax Thu, 07 Jan 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285166