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Income Tax - Highlights / Catch Notes

Home Highlights July 2012 Year 2012 This

Trading Liability - job work payable of earlier year brought ...


Tax Addition u/s 41 Invalid as Liability Persists Without Payment by Assessment Completion.

July 11, 2012

Case Laws     Income Tax     AT

Trading Liability - job work payable of earlier year brought forward - addition made u/s 41 - There is no cessation of liability merely because the assessee has not paid the amount till the completion of assessment. - AT

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