No section 41(1) addition if liability not stood remitted or ceased

ACIT Vs Foot Mart Retail India Pvt. Ltd. (ITAT Delhi)

FULL TEXT OF THE ORDER OF ITAT DELHI

This appeal filed by the Revenue against the order of Ld. CIT(A)-34, New Delhi dated 30.01.2019 in Appeal No.112/16-17 for the assessment year 2013-14.

2. The grounds raised by the Revenue are as follows:-

1. “Ld. Commissioner of Income Tax (Appeals) has erred in law and on the facts of the case in interpretation of cessation of liability as mentioned u/s 41(1) of IT Act, 1961 which is applicable to the case of the assessee.

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