https://www.taxtmi.com/caselaws?id=168221 The revenue's appeal was allowed, and the unclaimed outstanding balances written back by the assessee were treated as income under Section 41(1) of the Income Tax Act. The Tribunal held that the unilateral act of writing back the liabilities without evidence that they had not ceased did not support the assessee's position, reversing the CIT(A)'s decision and upholding the addition of Rs. 31,45,526 to the assessee's income. en-us Thu, 14 Feb 2002 00:00:00 +0530 Wed, 04 Feb 2015 10:38:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168221 The revenue's appeal was allowed, and the unclaimed outstanding balances written back by the assessee were treated as income under Section 41(1) of the Income Tax Act. The Tribunal held that the unilateral act of writing back the liabilities without evidence that they had not ceased did not support the assessee's position, reversing the CIT(A)'s decision and upholding the addition of Rs. 31,45,526 to the assessee's income. Case-Laws Income Tax Thu, 14 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168221