Case Law Details
Case Name : Commissioner of Income-tax-II Vs Nitin S. Garg (Gujarat High Court)
Related Assessment Year :
Courts :
All High Courts Gujarat High Court
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Commissioner of Income-tax-II Vs Nitin S. Garg (Gujarat High Court)
Merely because creditors were many years old & no interest been paid on loans, no addition can be made u/s. 41(1); No Addition u/s 41(1) Merely Because Loans Were Outstanding for Many Years; Section 41(1) Addition Deleted as Liabilities Continued in Balance Sheet; Untraceable Creditors Alone Not Enough to Invoke Section 41(1), Rules High Court; No Cessation of Liability Simply Because No Interest Was Paid on Old Loans; Revenue Failed to Prove Assessee Obtained Benefit From Outstanding Liabilities; Mere Expiry of Time Does ...
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I m your subscriber, not getting caselaws download……Case Name : Commissioner of Income-tax-II Vs Nitin S. Garg (Gujarat High Court)
Appeal Number : Tax Appeal No.. 2428 & 2431 OF 2010
Date of Judgement/Order : 11/04/2012
Related Assessment Year :
Courts : All High Courts Gujarat High Court
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