https://www.taxtmi.com/caselaws?id=263058 The tribunal held that Section 41(1) of the Income Tax Act was not applicable as there was no evidence of cessation or remission of liability. The addition of Rs. 10,29,773 under Section 41(1) was deleted, and the assessee's appeal was allowed. en-us Fri, 14 Aug 2015 00:00:00 +0530 Wed, 26 Aug 2015 10:13:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263058 The tribunal held that Section 41(1) of the Income Tax Act was not applicable as there was no evidence of cessation or remission of liability. The addition of Rs. 10,29,773 under Section 41(1) was deleted, and the assessee's appeal was allowed. Case-Laws Income Tax Fri, 14 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263058