Chit Funds - Addition u/s 41(1) - ceasation of liability - ...

Income Tax

September 13, 2013

Chit Funds - Addition u/s 41(1) - ceasation of liability - Defaulted subscription - addition on account of chit lien which was not actually disbursed to the defaulters - there is no question of invoking the provisions of section 41(1) - additions deleted - AT

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Chit Funds - Addition u/s 41(1) - ceasation of liability - ...

Income Tax

September 13, 2013

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