Sundry creditors' liability in balance sheet not covered by Section 41(i) of Income Tax Act.

Sundry creditors' liability in balance sheet not covered by Section 41(i) of Income Tax Act. https://www.taxtmi.com/highlights?id=36170 If there is no question of cessation and remission of sundry creditors liability and the same is shown in Balance Sheet of Assessee then it is not covered by the provisions of section 41(i) of the IT Act. en-us Fri, 01 Sep 2017 21:18:31 +0530 Fri, 01 Sep 2017 21:18:31 +0530 TaxTMI RSS Generator Sundry creditors' liability in balance sheet not covered by Section 41(i) of Income Tax Act. https://www.taxtmi.com/highlights?id=36170 If there is no question of cessation and remission of sundry creditors liability and the same is shown in Balance Sheet of Assessee then it is not covered by the provisions of section 41(i) of the IT Act. Highlights Income Tax Fri, 01 Sep 2017 21:18:31 +0530 https://www.taxtmi.com/highlights?id=36170