Unpaid liabilities cannot be added as the assessee’s income ...

Unpaid Liabilities Not Income u/s 41(1) Despite Delays, High Court Clarifies.

January 4, 2012

Case Laws Income Tax HC

Unpaid liabilities cannot be added as the assessee’s income under Section 41(1) merely because they remained unpaid for a sufficiently long time.... - HC

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Unpaid liabilities cannot be added as the assessee’s income ...

Unpaid Liabilities Not Income u/s 41(1) Despite Delays, High Court Clarifies.

January 4, 2012

Case Laws Income Tax HC

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