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Income Tax - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

Cessation of liability u/s 41(1) - As per the explanation, the ...


Section 41(1) Income Tax Act: Liability Cessation Includes Unilateral Acts, Potential Tax Additions Possible.

April 27, 2020

Case Laws     Income Tax     AT

Cessation of liability u/s 41(1) - As per the explanation, the remission or cessation of any liability by a unilateral Act, is covered u/s.41(1) - additions confirmed - AT

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