https://www.taxtmi.com/caselaws?id=425389 The Tribunal upheld the Commissioner of Income-tax (Appeals)'s decision to delete the addition under section 41(1) of the Income-tax Act, emphasizing the necessity of evidence for remission or cessation of liability. The Tribunal dismissed the appeal of the Income Tax Officer and the cross objection of the assessee, confirming the decisions regarding the disallowance of expenses transferred to another company and the AIR mismatch. The total income of the assessee was determined at Rs. 3,52,97,150/- in the assessment order under Section 143(3) of the Act. en-us Mon, 18 Jul 2022 00:00:00 +0530 Fri, 22 Jul 2022 09:18:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425389 The Tribunal upheld the Commissioner of Income-tax (Appeals)'s decision to delete the addition under section 41(1) of the Income-tax Act, emphasizing the necessity of evidence for remission or cessation of liability. The Tribunal dismissed the appeal of the Income Tax Officer and the cross objection of the assessee, confirming the decisions regarding the disallowance of expenses transferred to another company and the AIR mismatch. The total income of the assessee was determined at Rs. 3,52,97,150/- in the assessment order under Section 143(3) of the Act. Case-Laws Income Tax Mon, 18 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425389