TMI BlogAddition u/s.41(1) - cessation of liability - The onus is on the Assessee to show that year of cessation...Addition u/s.41(1) - cessation of liability - The onus is on the Assessee to show that year of cessation is different. - addition made in respect of trading liabilities which had ceased to exist represents taxable business income in terms of Section 41(1) of the Act. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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