Court Finds No Evidence to Apply Section 41(1) of Income Tax Act; Liability Remains Unchanged.

Additions against Cessation of liability u/s.41(1) - there was nothing on record to show that there was any remission or cessation of such liability. Under the circumstances, in the absence of remission or cessation of such liabilities, the question of invoking subsection (1) of section 41 of the Act did not arise. - HC .....

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