https://www.taxtmi.com/caselaws?id=419345 The Tribunal dismissed all grounds of appeal and rejected the Income-Tax Officer's appeal against the deletion of an addition on account of the cessation of liability for the purchase of immovable property. The Tribunal upheld the Commissioner of Income-Tax (Appeals)' decision, finding no cessation of liability and confirming the existence of the liability, resulting in the deletion of the addition under section 41(1) of the Income-tax Act, 1961 for Assessment Year 2015-16. en-us Tue, 08 Mar 2022 00:00:00 +0530 Wed, 09 Mar 2022 08:30:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419345 The Tribunal dismissed all grounds of appeal and rejected the Income-Tax Officer's appeal against the deletion of an addition on account of the cessation of liability for the purchase of immovable property. The Tribunal upheld the Commissioner of Income-Tax (Appeals)' decision, finding no cessation of liability and confirming the existence of the liability, resulting in the deletion of the addition under section 41(1) of the Income-tax Act, 1961 for Assessment Year 2015-16. Case-Laws Income Tax Tue, 08 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419345