https://www.taxtmi.com/caselaws?id=802396 Reassessment may proceed on relevant prima facie tangible material indicating escaped income; conclusive proof is not required at the reopening stage. Information linking transactions to a suspected provider of bogus invoices may be considered alongside the taxpayer's responses and financial details, with the requisite approval. Adverse investigation material cannot be used in an assessment without giving the taxpayer an opportunity to examine and rebut it. For depreciation claims, invoices, e-way bills, bank records and financial statements may support verification, while a supplier's failure to respond to verification notices and non-production may leave transaction genuineness unverified and the taxpayer's burden of proof undischarged. en-us Wed, 07 Oct 2026 00:00:00 +0530 Thu, 05 Nov 2026 07:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802396 Reassessment may proceed on relevant prima facie tangible material indicating escaped income; conclusive proof is not required at the reopening stage. Information linking transactions to a suspected provider of bogus invoices may be considered alongside the taxpayer's responses and financial details, with the requisite approval. Adverse investigation material cannot be used in an assessment without giving the taxpayer an opportunity to examine and rebut it. For depreciation claims, invoices, e-way bills, bank records and financial statements may support verification, while a supplier's failure to respond to verification notices and non-production may leave transaction genuineness unverified and the taxpayer's burden of proof undischarged. Case-Laws Income Tax Wed, 07 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802396