https://www.taxtmi.com/caselaws?id=56808 Excise duty collections were not taxable as cessation of liability under section 41(1) where the assessee followed the mercantile system, had already provided for the duty, and the department continued to assert the claim. The liability was not shown to have been withdrawn, security had been furnished during the dispute, and retrospective validation of the opium levy deemed the earlier rules valid from the relevant date. In that setting, the liability could not be treated as having ceased, so the additions were deleted and the issue was decided in favour of the assessee. en-us Tue, 02 Aug 1983 00:00:00 +0530 Mon, 06 Dec 2010 17:51:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56808 Excise duty collections were not taxable as cessation of liability under section 41(1) where the assessee followed the mercantile system, had already provided for the duty, and the department continued to assert the claim. The liability was not shown to have been withdrawn, security had been furnished during the dispute, and retrospective validation of the opium levy deemed the earlier rules valid from the relevant date. In that setting, the liability could not be treated as having ceased, so the additions were deleted and the issue was decided in favour of the assessee. Case-Laws Income Tax Tue, 02 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56808