https://www.taxtmi.com/caselaws?id=260387 The Tribunal upheld the Revenue's appeal, determining that the appellant's intentional manipulation of accounts to avoid tax liability was evident. The subsequent payment in 2013 was considered an attempt to circumvent tax consequences. The addition of outstanding interest under section 41(1) of the Income Tax Act was upheld, as the liability had not ceased to exist despite the appellant's arguments. The Tribunal set aside the CIT(A)'s order and ruled in favor of the Revenue. en-us Fri, 13 Mar 2015 00:00:00 +0530 Thu, 11 Jun 2015 06:21:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260387 The Tribunal upheld the Revenue's appeal, determining that the appellant's intentional manipulation of accounts to avoid tax liability was evident. The subsequent payment in 2013 was considered an attempt to circumvent tax consequences. The addition of outstanding interest under section 41(1) of the Income Tax Act was upheld, as the liability had not ceased to exist despite the appellant's arguments. The Tribunal set aside the CIT(A)'s order and ruled in favor of the Revenue. Case-Laws Income Tax Fri, 13 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260387