https://www.taxtmi.com/highlights?id=53023 Addition u/s 41(1) - waiver of unsecured interest free loans taken - since the assessee has not claimed any allowance or deduction in respect of the unsecured loan obtained by it, the provisions of sub-section (1) of section 41 of the Act would not apply. - HC en-us Fri, 17 Apr 2020 18:50:50 +0530 Fri, 17 Apr 2020 18:50:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53023 Addition u/s 41(1) - waiver of unsecured interest free loans taken - since the assessee has not claimed any allowance or deduction in respect of the unsecured loan obtained by it, the provisions of sub-section (1) of section 41 of the Act would not apply. - HC Highlights Income Tax Fri, 17 Apr 2020 18:50:50 +0530 https://www.taxtmi.com/highlights?id=53023