High Court Upholds Reassessment After AO's Oversight on Unconfirmed Creditors in Income Escaping Assessment Case u/s 41(1.

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....Income escaping assessment - Where AO in the original assessment order,made an addition u/s 41(1) but not in respect of other unconfirmed creditors - This was a factual lapse, which was pointed out in the audit objection and then examined by the authorities. - reassessment upheld .... - HC....