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            Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

            Provisions expressly mentioned in the judgment/order text.

            <h1>Recovery of expenditure treated as business income when previously deducted, including remission or cessation of trading liabilities.</h1> Amounts recovered or remission/cessation of trading liabilities previously allowed as deductions are deemed business income when received or when remission/cessation occurs, even if the business has ceased; unilateral write-off qualifies as remission/cessation. Successors in business who receive such amounts are chargeable to tax. The rule applies only to trading/revenue items for which a deduction was earlier claimed and excludes mere mistaken payments; loan waiver is not treated as cessation of trading liability under the stated authority.

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