https://www.taxtmi.com/caselaws?id=55253 The Tribunal reinstated the Assessing Officer's addition of Rs. 26,04,372 under Section 41(1) of the Income Tax Act for AY 1986-87, holding that the liability ceased when proceedings under Section 130 were dropped in 1985. The Tribunal directed a fresh decision on the disallowance of Rs. 46,941 under Section 43B regarding sales tax liability, ensuring payments made before the due date are not disallowed. The issue of interest disallowance of Rs. 3,82,387 was restored to the AO for re-examination following the CIT(A)'s directive. The Revenue's appeal under Section 154 was allowed, partially allowing the assessee's appeal and dismissing the Revenue's appeal against the original CIT(A) order. en-us Mon, 31 Jul 1995 00:00:00 +0530 Wed, 24 Nov 2010 18:39:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55253 The Tribunal reinstated the Assessing Officer's addition of Rs. 26,04,372 under Section 41(1) of the Income Tax Act for AY 1986-87, holding that the liability ceased when proceedings under Section 130 were dropped in 1985. The Tribunal directed a fresh decision on the disallowance of Rs. 46,941 under Section 43B regarding sales tax liability, ensuring payments made before the due date are not disallowed. The issue of interest disallowance of Rs. 3,82,387 was restored to the AO for re-examination following the CIT(A)'s directive. The Revenue's appeal under Section 154 was allowed, partially allowing the assessee's appeal and dismissing the Revenue's appeal against the original CIT(A) order. Case-Laws Income Tax Mon, 31 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55253