https://www.taxtmi.com/highlights?id=4343 Deemed income - the assessee has not written back the liability and Assessing Officer failed to demonstrate that liability has ceased. Unless the liabilities are written off in the books of account, provisions of section 41(1) cannot be applied - AT en-us Tue, 10 Jul 2012 09:43:23 +0530 Tue, 10 Jul 2012 09:43:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=4343 Deemed income - the assessee has not written back the liability and Assessing Officer failed to demonstrate that liability has ceased. Unless the liabilities are written off in the books of account, provisions of section 41(1) cannot be applied - AT Highlights Income Tax Tue, 10 Jul 2012 09:43:23 +0530 https://www.taxtmi.com/highlights?id=4343