https://www.taxtmi.com/caselaws?id=415537 The Tribunal upheld the deletion of the addition under section 41(1) of the Income Tax Act, ruling that the liability to sundry creditors had not ceased to exist. The assessee provided evidence of payments and non-cessation of the liability, leading to the provisions of section 41(1) not being applicable. The Revenue's appeal was dismissed, affirming the relief granted to the assessee by the ld. CIT(A). en-us Tue, 30 Nov 2021 00:00:00 +0530 Wed, 08 Dec 2021 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415537 The Tribunal upheld the deletion of the addition under section 41(1) of the Income Tax Act, ruling that the liability to sundry creditors had not ceased to exist. The assessee provided evidence of payments and non-cessation of the liability, leading to the provisions of section 41(1) not being applicable. The Revenue's appeal was dismissed, affirming the relief granted to the assessee by the ld. CIT(A). Case-Laws Income Tax Tue, 30 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415537