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2013 (11) TMI 892 - AT - Income TaxAdditions u/s 41(1) - cessation of liability - assessee claimed setoff with sundry debtors - Held that:- the assessee has not booked the income receivable from sundry debtors i.e. ETV Kannada during the relevant year i.e. A.Y. 2003-04. The assessee has not written off the said debt. Hence, at this stage there cannot be any automatic set off of the amounts relating to amounts payable to sundry creditors against the amount receivable from sundry debtors. - Decided against the assessee.
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