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Income Tax - Highlights / Catch Notes

Home Highlights April 2013 Year 2013 This

Addition u/s 41(1) - The assessee has not obtained any benefit ...


Assessee Not Benefiting from Liability: No Addition Made u/s 41(1) as Liability Still Exists.

April 3, 2013

Case Laws     Income Tax     AT

Addition u/s 41(1) - The assessee has not obtained any benefit out of such liability which is not ceased to be a liability and the assessee has not written back such liability unilaterally in its books of account - no addition - AT

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