https://www.taxtmi.com/caselaws?id=234533 The Tribunal dismissed the Department's appeal against the deletion of an addition under section 41(1) of the Act, ruling in favor of the assessee that the liability could still be claimed by legal heirs. Additionally, the Tribunal upheld the addition of gross profit and cessation of liability in the assessee's appeal, stating lack of evidence and confirmation of no outstanding balance. Cross-objections were dismissed as issues were already adjudicated. Ultimately, all appeals and cross-objections were rejected, affirming the decisions of the ld. CIT(A) in both appeals. en-us Tue, 11 Jun 2013 00:00:00 +0530 Sat, 15 Jun 2013 07:50:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234533 The Tribunal dismissed the Department's appeal against the deletion of an addition under section 41(1) of the Act, ruling in favor of the assessee that the liability could still be claimed by legal heirs. Additionally, the Tribunal upheld the addition of gross profit and cessation of liability in the assessee's appeal, stating lack of evidence and confirmation of no outstanding balance. Cross-objections were dismissed as issues were already adjudicated. Ultimately, all appeals and cross-objections were rejected, affirming the decisions of the ld. CIT(A) in both appeals. Case-Laws Income Tax Tue, 11 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234533