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Income Tax - Highlights / Catch Notes

Home Highlights November 2022 Year 2022 This

Addition u/s 68/41 - old sundry creditors - opening balance of ...

Income Tax

November 28, 2022

Addition u/s 68/41 - old sundry creditors - opening balance of advances for booking and another sundry creditor - there is no ground of appeal raised by the revenue for making/ sustaining addition under section 41(1), yet we may observe that the assessing officer has not brought any evidence to show that it was a cessation or remission of trading liability. - AT

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