https://www.taxtmi.com/caselaws?id=426320 ITAT Chandigarh dismissed the revenue's appeal in entirety. It upheld the CIT(A)'s condonation of delay in filing the assessee's appeal, holding that condonation lies within the discretionary domain of the first appellate authority and the department had produced no documentary evidence to rebut the finding of non-service of the assessment order. On merits, ITAT affirmed deletion of the addition made u/s 41(1) on alleged cessation of unsecured loan liabilities. It held that the amounts had never been claimed as expenditure in earlier years, no benefit had accrued to the assessee during the relevant year, and the liabilities were neither written back nor ceased, rendering s. 41(1) inapplicable. en-us Tue, 14 Jun 2022 00:00:00 +0530 Wed, 17 Dec 2025 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426320 ITAT Chandigarh dismissed the revenue's appeal in entirety. It upheld the CIT(A)'s condonation of delay in filing the assessee's appeal, holding that condonation lies within the discretionary domain of the first appellate authority and the department had produced no documentary evidence to rebut the finding of non-service of the assessment order. On merits, ITAT affirmed deletion of the addition made u/s 41(1) on alleged cessation of unsecured loan liabilities. It held that the amounts had never been claimed as expenditure in earlier years, no benefit had accrued to the assessee during the relevant year, and the liabilities were neither written back nor ceased, rendering s. 41(1) inapplicable. Case-Laws Income Tax Tue, 14 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426320