https://www.taxtmi.com/caselaws?id=64487 The Tribunal upheld the inclusion of Rs. 65,71,630 as income under section 41(1) of the Income-tax Act. However, it ruled that the liability reduction of Rs. 2,26,41,195 from DTU could not be considered as income under section 41(1) for the appellant firm, as the entities were distinct. The appeal was partially allowed in favor of the appellant firm. en-us Fri, 06 Nov 1992 00:00:00 +0530 Tue, 08 Feb 2011 11:28:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64487 The Tribunal upheld the inclusion of Rs. 65,71,630 as income under section 41(1) of the Income-tax Act. However, it ruled that the liability reduction of Rs. 2,26,41,195 from DTU could not be considered as income under section 41(1) for the appellant firm, as the entities were distinct. The appeal was partially allowed in favor of the appellant firm. Case-Laws Income Tax Fri, 06 Nov 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64487