https://www.taxtmi.com/caselaws?id=267370 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 81,40,232, finding no basis for the application of Sections 41(1) or 68 of the Income Tax Act. The appeal by the Revenue was dismissed, confirming that there was no cessation or remission of liability and that the addition was not sustainable in law. en-us Fri, 14 Aug 2015 00:00:00 +0530 Wed, 04 Nov 2015 22:43:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267370 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 81,40,232, finding no basis for the application of Sections 41(1) or 68 of the Income Tax Act. The appeal by the Revenue was dismissed, confirming that there was no cessation or remission of liability and that the addition was not sustainable in law. Case-Laws Income Tax Fri, 14 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267370