https://www.taxtmi.com/highlights?id=39238 Taxability of income as a perquisite - waiver of loan by creditor - Section 28(iv) of the IT Act does not apply on the present case since the receipts are in the nature of cash or money AND Section 41(1) of the IT Act does not apply since waiver of loan does not amount to cessation of trading liability. - SC en-us Fri, 04 May 2018 17:49:12 +0530 Sat, 05 May 2018 08:57:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=39238 Taxability of income as a perquisite - waiver of loan by creditor - Section 28(iv) of the IT Act does not apply on the present case since the receipts are in the nature of cash or money AND Section 41(1) of the IT Act does not apply since waiver of loan does not amount to cessation of trading liability. - SC Highlights Income Tax Fri, 04 May 2018 17:49:12 +0530 https://www.taxtmi.com/highlights?id=39238