https://www.taxtmi.com/caselaws?id=55716 The Tribunal upheld the decisions of the CIT(A) on all major issues, confirming additions and disallowances made by the AO under various sections of the Income Tax Act. The Tribunal emphasized the applicability of Section 41(1) for the cessation of trading liabilities and the consequent taxability of the waived amounts. Disallowances under Sections 43B, 40A(5), and other sections were also upheld by the Tribunal. en-us Wed, 01 Mar 2000 00:00:00 +0530 Mon, 29 Nov 2010 16:09:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55716 The Tribunal upheld the decisions of the CIT(A) on all major issues, confirming additions and disallowances made by the AO under various sections of the Income Tax Act. The Tribunal emphasized the applicability of Section 41(1) for the cessation of trading liabilities and the consequent taxability of the waived amounts. Disallowances under Sections 43B, 40A(5), and other sections were also upheld by the Tribunal. Case-Laws Income Tax Wed, 01 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55716