https://www.taxtmi.com/caselaws?id=258949 HC dismissed the revenue's appeal, upholding ITAT's deletion of additions under Section 41(1) of the Income-tax Act. It held that, in the relevant assessment year, there was neither remission nor cessation of liability, and the statutory conditions for invoking Section 41(1) were not satisfied. Consequently, no taxable income arose on that count. Regarding the addition under Section 68 for unexplained labour charges and the telescopic benefit, HC noted that ITAT had remanded the matter to CIT(A) for fresh adjudication. As the entire issue stood open before CIT(A), HC found no ground to interfere, deciding the matter against the revenue. en-us Fri, 27 Mar 2015 00:00:00 +0530 Wed, 17 Dec 2025 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258949 HC dismissed the revenue's appeal, upholding ITAT's deletion of additions under Section 41(1) of the Income-tax Act. It held that, in the relevant assessment year, there was neither remission nor cessation of liability, and the statutory conditions for invoking Section 41(1) were not satisfied. Consequently, no taxable income arose on that count. Regarding the addition under Section 68 for unexplained labour charges and the telescopic benefit, HC noted that ITAT had remanded the matter to CIT(A) for fresh adjudication. As the entire issue stood open before CIT(A), HC found no ground to interfere, deciding the matter against the revenue. Case-Laws Income Tax Fri, 27 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258949