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Income Tax - Highlights / Catch Notes

Home Highlights February 2013 Year 2013 This

Addition u/s 41(1) – cessation of liability - expiry of the ...


Limitation Period Expiry Doesn't Extinguish Debt for Section 41(1) Income Tax Act; No Addition for Liability Cessation.

February 19, 2013

Case Laws     Income Tax     HC

Addition u/s 41(1) – cessation of liability - expiry of the period of limitation prescribed under the Limitation Act could not extinguish the debt - No addition - HC

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