https://www.taxtmi.com/caselaws?id=796487 A liability inadvertently recorded under a trade creditor's name remained payable to a retired partner, as consistently reflected in prior-year balance sheets and supported by retirement documentation and the partner's confirmation. In the absence of material showing remission or cessation of that liability, the notes state that its addition as deemed income under Section 41(1) was unsustainable and deleted. en-us Fri, 16 Jan 2026 00:00:00 +0530 Thu, 06 Aug 2026 09:11:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796487 A liability inadvertently recorded under a trade creditor's name remained payable to a retired partner, as consistently reflected in prior-year balance sheets and supported by retirement documentation and the partner's confirmation. In the absence of material showing remission or cessation of that liability, the notes state that its addition as deemed income under Section 41(1) was unsustainable and deleted. Case-Laws Income Tax Fri, 16 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796487