https://www.taxtmi.com/caselaws?id=341199 The Tribunal upheld the addition under Section 41(1) for the cessation of liability amounting to Rs. 7,87,19,819/-, as the assessee's marketing scheme had lapsed, and the liability ceased to exist. The additional evidence was deemed irrelevant, and cited legal precedents were found inapplicable. The Tribunal highlighted that reopening assessments for the year of cessation would increase the tax liability. en-us Tue, 10 Jan 2017 00:00:00 +0530 Tue, 04 Apr 2017 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341199 The Tribunal upheld the addition under Section 41(1) for the cessation of liability amounting to Rs. 7,87,19,819/-, as the assessee's marketing scheme had lapsed, and the liability ceased to exist. The additional evidence was deemed irrelevant, and cited legal precedents were found inapplicable. The Tribunal highlighted that reopening assessments for the year of cessation would increase the tax liability. Case-Laws Income Tax Tue, 10 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341199