Section 41(1) Addresses Liabilities: Applicability When Reported Liabilities by Assessee Are Found Non-Existent.

Section 41(1) Addresses Liabilities: Applicability When Reported Liabilities by Assessee Are Found Non-Existent. https://www.taxtmi.com/highlights?id=24725 Provisions of section 41(1) are clearly applicable when it is established that the said liabilities as shown by the assessee actually ceased to exist in the year under consideration itself. - AT en-us Mon, 14 Sep 2015 08:16:30 +0530 Mon, 14 Sep 2015 08:16:30 +0530 TaxTMI RSS Generator Section 41(1) Addresses Liabilities: Applicability When Reported Liabilities by Assessee Are Found Non-Existent. https://www.taxtmi.com/highlights?id=24725 Provisions of section 41(1) are clearly applicable when it is established that the said liabilities as shown by the assessee actually ceased to exist in the year under consideration itself. - AT Highlights Income Tax Mon, 14 Sep 2015 08:16:30 +0530 https://www.taxtmi.com/highlights?id=24725