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Income Tax - Highlights / Catch Notes

Home Highlights August 2021 Year 2021 This

Addition of sundry creditors payable including expenses ...


Taxpayer Relief Granted: CIT(A) Overturns AO's Additions of Sundry Creditors u/s 41(1) Due to Unserved Notice. (1.

August 5, 2021

Case Laws     Income Tax     AT

Addition of sundry creditors payable including expenses outstanding by AO u/s 41(1) on cessation of liability - notice u/sec 133(6) of the Act issued by the AO was returned unserved - the Ld.CIT(A) has considered the overall facts and relied on the judicial decisions and granted relief to the assessee rightly - AT

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