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2020 (3) TMI 475 - HC - Income TaxAddition u/s 41 - Addition of amount of stale drafts not claimed for more than three years and the claim for which had become barred by limitation - HELD THAT:- As decided in THE RADDI SAHAKARA BANK NIYAMITHA BANK ROAD, DHARWAD [2017 (2) TMI 734 - KARNATAKA HIGH COURT] Addition cannot be made under Section 41(1) of the Act, since the liability of the assessee Bank to pay back the amounts to the customers in respect of such stale Demand Drafts and Pay Orders does not cease in law. See KARNATAKA VIKAS GRAMEEN BANK [2015 (12) TMI 1420 - KARNATAKA HIGH COURT] - Decided in favour of assessee
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