https://www.taxtmi.com/caselaws?id=195130 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 1,36,76,461/- made by the A.O. under Section 41(1) of the Income Tax Act. The Tribunal found that the Revenue failed to prove any benefit accrued to the assessee against the alleged liabilities, and the A.O. did not establish that the conditions for invoking Section 41(1) were met. Therefore, the Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s order. en-us Thu, 31 Jan 2013 00:00:00 +0530 Mon, 01 Oct 2018 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195130 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 1,36,76,461/- made by the A.O. under Section 41(1) of the Income Tax Act. The Tribunal found that the Revenue failed to prove any benefit accrued to the assessee against the alleged liabilities, and the A.O. did not establish that the conditions for invoking Section 41(1) were met. Therefore, the Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s order. Case-Laws Income Tax Thu, 31 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195130