https://www.taxtmi.com/caselaws?id=390305 The Tribunal ruled in favor of the assessee regarding the disallowance under section 41(1) of the Income Tax Act, as there was no evidence of liability cessation. The Tribunal upheld the CIT(A)'s direction on the issue of set off of unabsorbed depreciation and carry forward of short term capital loss, resulting in the partial allowance of the assessee's appeal. en-us Wed, 11 Dec 2019 00:00:00 +0530 Sun, 29 Dec 2019 09:10:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390305 The Tribunal ruled in favor of the assessee regarding the disallowance under section 41(1) of the Income Tax Act, as there was no evidence of liability cessation. The Tribunal upheld the CIT(A)'s direction on the issue of set off of unabsorbed depreciation and carry forward of short term capital loss, resulting in the partial allowance of the assessee's appeal. Case-Laws Income Tax Wed, 11 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390305