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2019 (3) TMI 683 - AT - Income TaxAddition u/s 41(1) - non verification of static sundry creditors for several years - as per AO as assessee to prove that it is not a case of remission or cessation of liability and assessee has not been able to discharge its onus with any supporting document or proof - HELD THAT:- CIT (A) categorically record that said liability exists in books of assessee, and has not been written off unilaterally or by other party, which is evident from confirmation issued by M/s. Hero Motors Co. Ld.Sr.DR has not been able to bring on record any documents to establish that said sum has been treated by assessee either as trading liability, or that there has been remission or cessation of liability in order to attract provisions of section 41 (1) - we are satisfied with view taken by Ld.CIT (A) - Decided against revenue.
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