https://www.taxtmi.com/highlights?id=23294 Addition u/s. 41(1) - cessation of liability - assessee had continuously avoided the payment of tax by showing the said interest liability as payable, whereas the creditor AOP had not shown it as its ‘income’ because of the different accounting methods, that too, so managed by the assessee - additions confirmed - AT en-us Thu, 11 Jun 2015 06:58:57 +0530 Thu, 11 Jun 2015 06:58:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=23294 Addition u/s. 41(1) - cessation of liability - assessee had continuously avoided the payment of tax by showing the said interest liability as payable, whereas the creditor AOP had not shown it as its ‘income’ because of the different accounting methods, that too, so managed by the assessee - additions confirmed - AT Highlights Income Tax Thu, 11 Jun 2015 06:58:57 +0530 https://www.taxtmi.com/highlights?id=23294