High Court directs Tribunal to refer legal questions on deletion of addition under section 41(1) & trade creditor recovery

The High Court of Delhi directed the Tribunal to refer two questions of law regarding the deletion of an addition made by the Income-tax Officer under section 41(1) of the Income-tax Act. The Tribunal's decision on the trade creditor recovering sums due from the assessee was also questioned. No costs were awarded.

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The High Court of Delhi directed the Tribunal to refer two questions of law regarding the deletion of an addition made by the Income-tax Officer under section 41(1) of the Income-tax Act. The Tribunal's decision on the trade creditor recovering sums due from the assessee was also questioned. No costs were awarded.

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