Deemed income - the assessee has not written back the liability ...

Section 41(1) Inapplicable: Assessing Officer Fails to Prove Cessation of Liability Without Write-Off in Books.

July 10, 2012

Case Laws Income Tax AT

Deemed income - the assessee has not written back the liability and Assessing Officer failed to demonstrate that liability has ceased. Unless the liabilities are written off in the books of account, provisions of section 41(1) cannot be applied - AT

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Deemed income - the assessee has not written back the liability ...

Section 41(1) Inapplicable: Assessing Officer Fails to Prove Cessation of Liability Without Write-Off in Books.

July 10, 2012

Case Laws Income Tax AT

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