[aaykarbhavan] HC uphold sec. 41(1) additions as trading liability ceased to exist when creditors denied any dues from assessee

HC uphold sec. 41(1) additions as trading liability ceased to exist when creditors denied any dues from assessee

August 16, 2014[2014] 47 taxmann.com 268 (Punjab & Haryana)

IT : Trading liability to pay back being ceased to exist, same is to be treated as taxable income

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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