https://www.taxtmi.com/highlights?id=23283 Addition on account of cessation of liability u/s 41 - it is on part of AO to prove that the assessee has obtained the benefits in respect of such trading liabilities by way of remission or cessation which he fails to do - in the absence of the creditor, it is not possible for the authority to come to a conclusion that the debt is barred and has become unenforceable - AT en-us Wed, 10 Jun 2015 08:54:44 +0530 Wed, 10 Jun 2015 08:54:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=23283 Addition on account of cessation of liability u/s 41 - it is on part of AO to prove that the assessee has obtained the benefits in respect of such trading liabilities by way of remission or cessation which he fails to do - in the absence of the creditor, it is not possible for the authority to come to a conclusion that the debt is barred and has become unenforceable - AT Highlights Income Tax Wed, 10 Jun 2015 08:54:44 +0530 https://www.taxtmi.com/highlights?id=23283