https://www.taxtmi.com/highlights?id=35961 Additions u/s 41(1) - The liability remains and because under the scheme of the BIFR the principal sum was waived, the assessee has not enjoyed any actual benefit of remission of liability in the nature of trading. - claim of deduction in respect of the waiver of loan allowed - HC en-us Fri, 18 Aug 2017 17:15:10 +0530 Fri, 18 Aug 2017 17:15:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=35961 Additions u/s 41(1) - The liability remains and because under the scheme of the BIFR the principal sum was waived, the assessee has not enjoyed any actual benefit of remission of liability in the nature of trading. - claim of deduction in respect of the waiver of loan allowed - HC Highlights Income Tax Fri, 18 Aug 2017 17:15:10 +0530 https://www.taxtmi.com/highlights?id=35961