[aaykarbhavan] outstanding liability sec 41(1) on creditors good case in assessee defence

CIT Vs Bhogilal Ramjibhai Atara

Whether it amounts to remission or cessation of liability merely because when many of the creditors were not found at the given address and some of them stated that they had no dealing with the assessee - Whether merely on these grounds the outstanding liability amount can be added as deemed income u/s 41(1). - Revenue's appeal dismissed : GUJARAT HIGH COURT

 

Regards

Prarthana Jalan

__._,_.___

receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan"
[COST FREE]
SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE.

To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.com

Visit Your Group

• New Members 3

• Privacy • Unsubscribe • Terms of Use