Addition u/s 41(1) - non verification of static sundry creditors ...

Section 41(1) Inapplicable Without Evidence of Liability Remission or Cessation for Unverified Sundry Creditors.

March 14, 2019

Case Laws Income Tax AT

Addition u/s 41(1) - non verification of static sundry creditors for several years - if said liability exists in books of assessee, and has not been written off unilaterally or by other party or AO not been able to bring on record any documents to establish that said sum has been remission or cessation of liability then provisions of section 41 (1) is not applicable.

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Addition u/s 41(1) - non verification of static sundry creditors ...

Section 41(1) Inapplicable Without Evidence of Liability Remission or Cessation for Unverified Sundry Creditors.

March 14, 2019

Case Laws Income Tax AT

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