https://www.taxtmi.com/caselaws?id=785717 Additions under cessation of liability were contested on the basis that the alleged transactions occurred in a later year and the liability remained extant, so cessation could not be invoked; the tribunal found the AO's reliance on an earlier assessment year factually incorrect and deleted the addition. Addition premised on an alleged loan was dismissed because the liability existed as on the relevant date and cessation did not arise, reversing the finding against the assessee. Invocation of provisions for unexplained share application money was held improper in absence of any amount received during the year, and that addition was also deleted. en-us Fri, 09 Jan 2026 00:00:00 +0530 Fri, 30 Jan 2026 09:22:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785717 Additions under cessation of liability were contested on the basis that the alleged transactions occurred in a later year and the liability remained extant, so cessation could not be invoked; the tribunal found the AO's reliance on an earlier assessment year factually incorrect and deleted the addition. Addition premised on an alleged loan was dismissed because the liability existed as on the relevant date and cessation did not arise, reversing the finding against the assessee. Invocation of provisions for unexplained share application money was held improper in absence of any amount received during the year, and that addition was also deleted. Case-Laws Income Tax Fri, 09 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785717