Court Deletes Additions on Sundry Creditors; No Cessation of Liability Found, Payments to ADB Confirmed.

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....Addition on outstanding sundry creditors - reason to believe that there was cessation of liability which was income escaped to tax - It is evident from OTS offer that the assessee has paid interest and other charges to ADB as per the letter dated 28.09.2011 and has also undertaken to make payment subsequently. - Additions deleted - AT....