TMI BlogAddition u/s 41(1) - non verification of static sundry creditors for several years - if said liability...Addition u/s 41(1) - non verification of static sundry creditors for several years - if said liability exists in books of assessee, and has not been written off unilaterally or by other party or AO not been able to bring on record any documents to establish that said sum has been remission or cessation of liability then provisions of section 41 (1) is not applicable. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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