https://www.taxtmi.com/caselaws?id=430791 The appeal was dismissed by the HC, with the substantial questions of law resolved against the revenue. The court affirmed the Tribunal's decision, which upheld the CIT(A)'s deletion of the addition of Rs. 12,97,47,322/- as cessation of liability under Section 41(1) of the Income Tax Act. The court found that the Assessing Officer (AO) did not adequately prove that the liability had ceased, as required by law. Despite the delay in filing the appeal, the court condoned it to address these substantive legal issues. en-us Wed, 23 Nov 2022 00:00:00 +0530 Fri, 07 Aug 2026 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430791 The appeal was dismissed by the HC, with the substantial questions of law resolved against the revenue. The court affirmed the Tribunal's decision, which upheld the CIT(A)'s deletion of the addition of Rs. 12,97,47,322/- as cessation of liability under Section 41(1) of the Income Tax Act. The court found that the Assessing Officer (AO) did not adequately prove that the liability had ceased, as required by law. Despite the delay in filing the appeal, the court condoned it to address these substantive legal issues. Case-Laws Income Tax Wed, 23 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430791