New Section 41(1) Rules: No Automatic Set-Off for Sundry Creditors and Debtors; Liabilities and Receivables Assessed Separately. https://www.taxtmi.com/highlights?id=15917 Additions u/s 41(1) - cessation of liability - there cannot be any automatic set off of the amounts relating to amounts payable to sundry creditors against the amount receivable from sundry debtors - AT en-us Wed, 20 Nov 2013 18:42:28 +0530 Wed, 20 Nov 2013 18:42:28 +0530 TaxTMI RSS Generator New Section 41(1) Rules: No Automatic Set-Off for Sundry Creditors and Debtors; Liabilities and Receivables Assessed Separately. https://www.taxtmi.com/highlights?id=15917 Additions u/s 41(1) - cessation of liability - there cannot be any automatic set off of the amounts relating to amounts payable to sundry creditors against the amount receivable from sundry debtors - AT Highlights Income Tax Wed, 20 Nov 2013 18:42:28 +0530 https://www.taxtmi.com/highlights?id=15917