https://www.taxtmi.com/highlights?id=46004 Addition u/s 41(1) - AO alleged that liability is non-existent - section 41(1) can be invoked provided there is trading liability in existence - in absence of any liability, the question of taxing any income on the ground that there was remission or cessation such liability would not arise en-us Sat, 20 Apr 2019 09:33:35 +0530 Sat, 20 Apr 2019 09:33:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=46004 Addition u/s 41(1) - AO alleged that liability is non-existent - section 41(1) can be invoked provided there is trading liability in existence - in absence of any liability, the question of taxing any income on the ground that there was remission or cessation such liability would not arise Highlights Income Tax Sat, 20 Apr 2019 09:33:35 +0530 https://www.taxtmi.com/highlights?id=46004