https://www.taxtmi.com/highlights?id=35380 Addition on account of waiver of loan - assessee has never claimed a waiver of interest as expenditure in its books of accounts and return of income. Therefore, there is no question of considering it to cessation of liability or any benefit arises from the business. en-us Wed, 28 Jun 2017 09:24:35 +0530 Wed, 28 Jun 2017 09:24:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=35380 Addition on account of waiver of loan - assessee has never claimed a waiver of interest as expenditure in its books of accounts and return of income. Therefore, there is no question of considering it to cessation of liability or any benefit arises from the business. Highlights Income Tax Wed, 28 Jun 2017 09:24:35 +0530 https://www.taxtmi.com/highlights?id=35380