Addition u/s 41(1) - long outstanding balances in sundry ...

AO's Additions for Long Outstanding Balances u/s 41(1) Deemed Incorrect and Deleted.

June 2, 2023

Case Laws Income Tax AT

Addition u/s 41(1) - long outstanding balances in sundry creditors accounts - AO made the additions, since the assessee has not shown any steps have been taken for recovery, any legal proceedings are pending he concluded that these balances are no longer payable and brought to tax under section 41(1) - the action of the AO is not correct - Addition deleted - AT

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Addition u/s 41(1) - long outstanding balances in sundry ...

AO's Additions for Long Outstanding Balances u/s 41(1) Deemed Incorrect and Deleted.

June 2, 2023

Case Laws Income Tax AT

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