Additions u/s 41(1) - The liability remains and because under the scheme of the BIFR the principal sum...

Additions u/s 41(1) - The liability remains and because under the scheme of the BIFR the principal sum was waived, the assessee has not enjoyed any actual benefit of remission of liability in the nature of trading. - claim of deduction in respect of the waiver of loan allowed - HC .....

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