https://www.taxtmi.com/caselaws?id=280798 The Tribunal upheld the CIT(Appeals) decision, emphasizing the necessity of material evidence to support the invocation of section 41(1) of the Income Tax Act. The Tribunal dismissed the revenue's appeal, highlighting the importance of providing evidence to establish liability remission or cessation before making additions to income. The judgment reiterated the significance of adhering to legal procedures and substantiating claims with appropriate documentation for fair and accurate tax assessments. en-us Fri, 01 Jun 2018 00:00:00 +0530 Wed, 22 May 2019 06:17:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280798 The Tribunal upheld the CIT(Appeals) decision, emphasizing the necessity of material evidence to support the invocation of section 41(1) of the Income Tax Act. The Tribunal dismissed the revenue's appeal, highlighting the importance of providing evidence to establish liability remission or cessation before making additions to income. The judgment reiterated the significance of adhering to legal procedures and substantiating claims with appropriate documentation for fair and accurate tax assessments. Case-Laws Income Tax Fri, 01 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280798