https://www.taxtmi.com/caselaws?id=4461 The court dismissed the Revenue's appeal, affirming the Tribunal's decision to delete the additions made on account of cessation/remission of liabilities and disallowance of bank interest. The court emphasized the importance of the timing of the remission or cessation of liabilities and the applicability of section 41(1) based on judicial precedents. en-us Thu, 20 Apr 2006 00:00:00 +0530 Sat, 26 Jul 2008 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4461 The court dismissed the Revenue's appeal, affirming the Tribunal's decision to delete the additions made on account of cessation/remission of liabilities and disallowance of bank interest. The court emphasized the importance of the timing of the remission or cessation of liabilities and the applicability of section 41(1) based on judicial precedents. Case-Laws Income Tax Thu, 20 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4461