https://www.taxtmi.com/caselaws?id=413226 The tribunal allowed the appeal, overturning the additions made by the lower authorities. The addition under section 41(1) for outstanding liabilities was deleted as no remission or cessation of trading liability was found. Additionally, the alleged on-money on the sale of flats was also deleted as the sale prices were justified by factors like location and buyer preferences, and the AO's addition lacked factual basis. en-us Mon, 04 Oct 2021 00:00:00 +0530 Thu, 07 Oct 2021 09:15:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413226 The tribunal allowed the appeal, overturning the additions made by the lower authorities. The addition under section 41(1) for outstanding liabilities was deleted as no remission or cessation of trading liability was found. Additionally, the alleged on-money on the sale of flats was also deleted as the sale prices were justified by factors like location and buyer preferences, and the AO's addition lacked factual basis. Case-Laws Income Tax Mon, 04 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413226