Liability Not Sustainable u/s 41(1) If Shown in Books and Repaid Later by Assessee.

Liability Not Sustainable u/s 41(1) If Shown in Books and Repaid Later by Assessee. https://www.taxtmi.com/highlights?id=38676 Addition u/s 41 - remission or cessation of liability proof - when the assessee is showing the liability in the books of account and has repaid in the subsequent years then the addition under section 41(1) of the Act is not sustainable. - AT en-us Fri, 30 Mar 2018 16:52:21 +0530 Fri, 30 Mar 2018 16:52:21 +0530 TaxTMI RSS Generator Liability Not Sustainable u/s 41(1) If Shown in Books and Repaid Later by Assessee. https://www.taxtmi.com/highlights?id=38676 Addition u/s 41 - remission or cessation of liability proof - when the assessee is showing the liability in the books of account and has repaid in the subsequent years then the addition under section 41(1) of the Act is not sustainable. - AT Highlights Income Tax Fri, 30 Mar 2018 16:52:21 +0530 https://www.taxtmi.com/highlights?id=38676