Cessation of liability u/s 41(1) addition was made u/s 68 - ...

Case Laws Income Tax

December 21, 2023

Cessation of liability u/s 41(1) addition was made u/s 68 - CIT(A) correctly adjudicated the issue by holding that mere removal of name of the lender from MCA would not absolve the assessee from the liability to repay the loan. CIT(A) rightly deleted the additions - AT

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Cessation of liability u/s 41(1) addition was made u/s 68 - ...

Case Laws Income Tax

December 21, 2023

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