https://www.taxtmi.com/highlights?id=40006 Additions u/s 41(1) for cessation of liability - simply because the liability is outstanding for quite some years the liability does not seize to exist - mere entry in the books of accounts of the debtor made unilaterally without any act on the part of the creditor will not enable the debtor to say that the liability has come to an end - thus no cessation of liability in the case of the assessee. en-us Tue, 19 Jun 2018 09:29:01 +0530 Tue, 19 Jun 2018 09:29:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=40006 Additions u/s 41(1) for cessation of liability - simply because the liability is outstanding for quite some years the liability does not seize to exist - mere entry in the books of accounts of the debtor made unilaterally without any act on the part of the creditor will not enable the debtor to say that the liability has come to an end - thus no cessation of liability in the case of the assessee. Highlights Income Tax Tue, 19 Jun 2018 09:29:01 +0530 https://www.taxtmi.com/highlights?id=40006