Additions u/s 41(1) - There cannot be cessation of liability ...

Section 41(1) Income Tax: No Double Cessation of Liability Allowed for Different Assessment Years.

October 19, 2013

Case Laws Income Tax AT

Additions u/s 41(1) - There cannot be cessation of liability twice - Therefore, when as per Explanation (1) there would be cessation of liability in the FY 2012-13 i.e. relevant to the assessment year 2013-14, the addition for the same cannot be made by presuming remission or cessation of liability in the year under consideration i.e. AY 2007-08 - AT

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Additions u/s 41(1) - There cannot be cessation of liability ...

Section 41(1) Income Tax: No Double Cessation of Liability Allowed for Different Assessment Years.

October 19, 2013

Case Laws Income Tax AT

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