https://www.taxtmi.com/caselaws?id=10188 The High Court of Punjab and Haryana ruled in favor of the assessee, determining that the refund of Rs. 2,14,131 was not taxable in the hands of the assessee for the assessment year 1978-79. The court held that there was no conclusive cessation of liability due to an ongoing dispute surrounding the refund, aligning with the legal requirements and established precedents under section 41(1) of the Income-tax Act, 1961. en-us Tue, 03 Aug 2004 00:00:00 +0530 Fri, 10 Jul 2009 09:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10188 The High Court of Punjab and Haryana ruled in favor of the assessee, determining that the refund of Rs. 2,14,131 was not taxable in the hands of the assessee for the assessment year 1978-79. The court held that there was no conclusive cessation of liability due to an ongoing dispute surrounding the refund, aligning with the legal requirements and established precedents under section 41(1) of the Income-tax Act, 1961. Case-Laws Income Tax Tue, 03 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10188