https://www.taxtmi.com/caselaws?id=19090 The court held that the provisions of Section 41(1) of the Income-tax Act, 1961 were applicable to the case. The amount of Rs. 1,19,564, which was written off and credited to the profit and loss account, had to be added as the assessee's income for the assessment year in question. The court ruled in favor of the Revenue, affirming the Tribunal's decision. en-us Tue, 06 Dec 1994 00:00:00 +0530 Wed, 04 Nov 2009 10:07:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19090 The court held that the provisions of Section 41(1) of the Income-tax Act, 1961 were applicable to the case. The amount of Rs. 1,19,564, which was written off and credited to the profit and loss account, had to be added as the assessee's income for the assessment year in question. The court ruled in favor of the Revenue, affirming the Tribunal's decision. Case-Laws Income Tax Tue, 06 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19090