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Archive: 21 November 2020

Posts in 21 November 2020

Section 41(1) No Addition without evidence of cessation of trading liability

November 21, 2020 5049 Views 0 comment Print

Nama Properties Ltd. Vs DCIT (ITAT Hyderabad) In the decisions relied upon by the learned Counsel for the assessee it was held that the genuineness of the trade payables or creditors has to be examined in the year in which they originate and that unless the liability becomes unenforceable or is written off by the […]

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