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Income Tax - Highlights / Catch Notes

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Additions u/s 41(1) towards written back of liabilities - ...

Case Laws     Income Tax

October 5, 2023

Additions u/s 41(1) towards written back of liabilities - capital or revenue in nature - CIT(A) had also called for the details but assessee did not respond to the same. However, in the interest of justice and fair play, we find it proper to afford an opportunity to the assessee to substantiate its claim of exemption in respect of write back of its liabilities by adducing all the relevant documentary evidence and explanation - AT

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