Income u/s 41(1) - Merely because the assessee has made a legal ...

Assessing Officer's Addition Deleted Despite Liability in Balance Sheet and Recovery Case Filed by Other Party.

November 29, 2011

Case Laws Income Tax AT

Income u/s 41(1) - Merely because the assessee has made a legal claim that no amount is payable by it to the party, the fact remains that in the Balance Sheet it appears as liability and the other party has filed a case for recovery of the amount - Addition made by AO deleted... - AT

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Income u/s 41(1) - Merely because the assessee has made a legal ...

Assessing Officer's Addition Deleted Despite Liability in Balance Sheet and Recovery Case Filed by Other Party.

November 29, 2011

Case Laws Income Tax AT

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