Addition u/s 41(1) - non-confirmation of credit by the creditors ...

Income Tax

June 1, 2022

Addition u/s 41(1) - non-confirmation of credit by the creditors - The existence of liability is purely a matter of fact. Proposition of law is well settled that where a party is expected to be in possession of evidence but fails to produce the same, an adverse inference has to be drawn. - HC

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Addition u/s 41(1) - non-confirmation of credit by the creditors ...

Income Tax

June 1, 2022

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