https://www.taxtmi.com/caselaws?id=259202 The High Court upheld the decision of the ITAT and CIT(Appeals) to restrict the addition under Section 41(1) of the Income Tax Act for AY 2003-04 to a specific amount based on outstanding liabilities to suppliers who did not respond to inquiries. The Court found no fault in the lower authorities' interpretation of the law and dismissed the Revenue's appeal, stating that no substantial question of law arose from the case. en-us Mon, 13 Apr 2015 00:00:00 +0530 Mon, 04 May 2015 06:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259202 The High Court upheld the decision of the ITAT and CIT(Appeals) to restrict the addition under Section 41(1) of the Income Tax Act for AY 2003-04 to a specific amount based on outstanding liabilities to suppliers who did not respond to inquiries. The Court found no fault in the lower authorities' interpretation of the law and dismissed the Revenue's appeal, stating that no substantial question of law arose from the case. Case-Laws Income Tax Mon, 13 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259202