Additions u/s41(1) - As the creditors have been paid in the ...

Section 41(1) Additions Not Applicable: Creditors Paid in Later Years, No Cessation of Liability This Year.

June 16, 2015

Case Laws Income Tax AT

Additions u/s41(1) - As the creditors have been paid in the subsequent years, it cannot be said that during the year under consideration, there was a cessation of liability, provisions of Sec. 41(1) do not apply on the facts of the case - AT

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Additions u/s41(1) - As the creditors have been paid in the ...

Section 41(1) Additions Not Applicable: Creditors Paid in Later Years, No Cessation of Liability This Year.

June 16, 2015

Case Laws Income Tax AT

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