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AO's Addition u/s 41(1) Overturned Due to Lack of Inquiry on Long-Pending Sundry Creditors Liabilities.

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....Addition u/s 41(1) - sundry creditors pending for more than three years - AO neither made any enquiry or brought any material on record to demonstrate that the liability relating to the concerned creditors have ceased to exist in terms with the conditions prescribed under section 41(1) - no addition....

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AO's Addition u/s 41(1) Overturned Due to Lack of Inquiry on Long-Pending Sundry Creditors Liabilities.