Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Addition u/s 41(1) - cessation of liability - In light of the precedent set forth in Sugauli Sugar Works, wherein the Supreme Court clarified that the mere lapse of time or absence of actual cessation in the assessee's books of account does not warrant the addition under section 41(1) of the Income Tax Act, the Tribunal deemed it appropriate to delete the impugned addition.
Addition u/s 41(1) - cessation of liability - In light of the precedent set forth in Sugauli Sugar Works, wherein the Supreme Court clarified that the mere lapse of time or absence of actual cessation in the assessee's books of account does not warrant the addition under section 41(1) of the Income Tax Act, the Tribunal deemed it appropriate to delete the impugned addition.
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