https://www.taxtmi.com/highlights?id=23926 Addition u/s 41(1) - no deduction/allowance has been made in respect of loss, exp/liability in the assessment year or in any earlier years, cessation of such liability cannot be taxed under section 41(1) of the Income Tax Act. - AT en-us Sat, 25 Jul 2015 11:44:47 +0530 Sat, 25 Jul 2015 11:44:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=23926 Addition u/s 41(1) - no deduction/allowance has been made in respect of loss, exp/liability in the assessment year or in any earlier years, cessation of such liability cannot be taxed under section 41(1) of the Income Tax Act. - AT Highlights Income Tax Sat, 25 Jul 2015 11:44:47 +0530 https://www.taxtmi.com/highlights?id=23926