https://www.taxtmi.com/caselaws?id=185413 The Tribunal upheld the Commissioner's decision to restrict the addition made under section 41(1) of the Income Tax Act, emphasizing that acknowledging and repaying liabilities prevents cessation assumptions. Additionally, the Tribunal affirmed the reduction of disallowed labour expenses by estimating income at 5% of turnover, considering lack of proper vouchers and suspect inflation of costs based on self-made labour cards. en-us Wed, 16 May 2012 00:00:00 +0530 Thu, 11 Aug 2016 18:26:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185413 The Tribunal upheld the Commissioner's decision to restrict the addition made under section 41(1) of the Income Tax Act, emphasizing that acknowledging and repaying liabilities prevents cessation assumptions. Additionally, the Tribunal affirmed the reduction of disallowed labour expenses by estimating income at 5% of turnover, considering lack of proper vouchers and suspect inflation of costs based on self-made labour cards. Case-Laws Income Tax Wed, 16 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185413