https://www.taxtmi.com/caselaws?id=292095 The Tribunal upheld the additions made by the AO under Sections 41(1) and 69C, finding that the liabilities had ceased as creditors either confirmed receiving payments or were untraceable. The appeal filed by the assessee was dismissed as they failed to provide credible evidence to support their claims. The Tribunal considered the CIT(A)'s findings to be well-reasoned and judicious. en-us Thu, 23 May 2019 00:00:00 +0530 Sun, 06 Dec 2020 08:24:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292095 The Tribunal upheld the additions made by the AO under Sections 41(1) and 69C, finding that the liabilities had ceased as creditors either confirmed receiving payments or were untraceable. The appeal filed by the assessee was dismissed as they failed to provide credible evidence to support their claims. The Tribunal considered the CIT(A)'s findings to be well-reasoned and judicious. Case-Laws Income Tax Thu, 23 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292095