TMI BlogTaxpayer's Liability Dispute: Revenue Claims No Genuine Trading Liability, Section 41(1) Inapplicable for Additions.Addition u/s 41(1) – Revenue's case is that there was no genuine trading liability incurred by the assessee. Question of remission or cessation thereof would not arise - No addition - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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