https://www.taxtmi.com/caselaws?id=375834 The Tribunal upheld the addition of Rs. 4,38,872 as the assessee's income, reflecting the reduction in liability to a creditor during the year. The Tribunal applied Section 41(1) of the Income Tax Act, 1961, considering the creditors' statements as evidence of payment. The assessee's appeal was dismissed, affirming the CIT(A)'s findings without alteration. en-us Thu, 06 Dec 2018 00:00:00 +0530 Tue, 26 Feb 2019 18:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375834 The Tribunal upheld the addition of Rs. 4,38,872 as the assessee's income, reflecting the reduction in liability to a creditor during the year. The Tribunal applied Section 41(1) of the Income Tax Act, 1961, considering the creditors' statements as evidence of payment. The assessee's appeal was dismissed, affirming the CIT(A)'s findings without alteration. Case-Laws Income Tax Thu, 06 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375834