https://www.taxtmi.com/caselaws?id=188460 The ITAT dismissed the revenue's appeal, citing legal precedents, and emphasizing that the mere age of a liability does not establish cessation. The Court found no error in the ITAT's decision to delete the addition made under Section 41(1) of the Income Tax Act, as the Assessing Officer failed to prove the liability had ceased to exist. Consequently, the Court dismissed the revenue's appeal, stating that no substantial question of law arose in the case. en-us Tue, 19 Nov 2013 00:00:00 +0530 Tue, 07 Mar 2017 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188460 The ITAT dismissed the revenue's appeal, citing legal precedents, and emphasizing that the mere age of a liability does not establish cessation. The Court found no error in the ITAT's decision to delete the addition made under Section 41(1) of the Income Tax Act, as the Assessing Officer failed to prove the liability had ceased to exist. Consequently, the Court dismissed the revenue's appeal, stating that no substantial question of law arose in the case. Case-Laws Income Tax Tue, 19 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188460