https://www.taxtmi.com/caselaws?id=249512 The tribunal partly allowed the Revenue's appeal and dismissed the assessee's appeal. The addition under Section 41(1) of the Income Tax Act was deleted for the assessee due to lack of evidence of remission or cessation of liability. However, the addition under Section 68 was confirmed for the assessee as the veracity of entries in the books was not proven. Verification was directed for one party, and the addition was confirmed for another. The tribunal's decision was pronounced on May 28, 2014. en-us Wed, 28 May 2014 00:00:00 +0530 Wed, 16 Jul 2014 06:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249512 The tribunal partly allowed the Revenue's appeal and dismissed the assessee's appeal. The addition under Section 41(1) of the Income Tax Act was deleted for the assessee due to lack of evidence of remission or cessation of liability. However, the addition under Section 68 was confirmed for the assessee as the veracity of entries in the books was not proven. Verification was directed for one party, and the addition was confirmed for another. The tribunal's decision was pronounced on May 28, 2014. Case-Laws Income Tax Wed, 28 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249512