https://www.taxtmi.com/caselaws?id=305291 The Appellate Tribunal directed the Assessing Officer to delete the addition of Rs.10 lakhs under section 41(1) of the Income Tax Act, 1961, as there was no cessation of liability and the amount was never claimed as a deduction. Additionally, the Tribunal ordered the deletion of the impugned addition of Rs.20 lakhs made by the AO on different grounds, finding no legally sustainable basis for taxability of the income. The appeal was allowed in favor of the assessee. en-us Wed, 28 Dec 2011 00:00:00 +0530 Sat, 26 Nov 2022 12:52:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305291 The Appellate Tribunal directed the Assessing Officer to delete the addition of Rs.10 lakhs under section 41(1) of the Income Tax Act, 1961, as there was no cessation of liability and the amount was never claimed as a deduction. Additionally, the Tribunal ordered the deletion of the impugned addition of Rs.20 lakhs made by the AO on different grounds, finding no legally sustainable basis for taxability of the income. The appeal was allowed in favor of the assessee. Case-Laws Income Tax Wed, 28 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305291