https://www.taxtmi.com/caselaws?id=429122 The tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decisions on both issues. The judgment emphasized the importance of proving irrevocable cessation of liability for section 41(1) and the necessity of explaining the source of funds for cash credits under section 68. en-us Wed, 21 Sep 2022 00:00:00 +0530 Tue, 18 Oct 2022 11:51:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429122 The tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decisions on both issues. The judgment emphasized the importance of proving irrevocable cessation of liability for section 41(1) and the necessity of explaining the source of funds for cash credits under section 68. Case-Laws Income Tax Wed, 21 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429122