https://www.taxtmi.com/caselaws?id=422405 The Tribunal upheld the Assessing Officer's addition under Section 69C for unexplained expenditure and Section 41(1) for cessation of liability. The Tribunal found that liabilities had ceased as confirmed by creditors, leading to the dismissal of the appeal and upholding of the Tribunal's order dated 23/05/2019. The order was pronounced on 30/03/2022. en-us Wed, 30 Mar 2022 00:00:00 +0530 Fri, 13 May 2022 22:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422405 The Tribunal upheld the Assessing Officer's addition under Section 69C for unexplained expenditure and Section 41(1) for cessation of liability. The Tribunal found that liabilities had ceased as confirmed by creditors, leading to the dismissal of the appeal and upholding of the Tribunal's order dated 23/05/2019. The order was pronounced on 30/03/2022. Case-Laws Income Tax Wed, 30 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422405