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Section 41(1) Confirms Tax Additions: Misrepresented CENVAT Credit as Government Liability, Not Payable to Suppliers.
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....Additions u/s 41(1) when the liability is no longer payable - CENVAT credit appears on the liability side and this amount was apparently payable to the parties from whom goods were received for job work - assessee has tried to misrepresent the facts by showing it as liability towards Government - additions confirmed - AT....