https://www.taxtmi.com/highlights?id=38611 Additions u/s 41(1) - credit balance of creditors - the amount still remained unrecoverable as the creditors were untraceable - In any event, it could not be said that the liability had ceased or that any advantage had been taken by the assessee on account of this - No additions - HC en-us Tue, 27 Mar 2018 09:22:31 +0530 Tue, 27 Mar 2018 09:22:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=38611 Additions u/s 41(1) - credit balance of creditors - the amount still remained unrecoverable as the creditors were untraceable - In any event, it could not be said that the liability had ceased or that any advantage had been taken by the assessee on account of this - No additions - HC Highlights Income Tax Tue, 27 Mar 2018 09:22:31 +0530 https://www.taxtmi.com/highlights?id=38611