Section 41(1) Addition Not Automatic on Creditor’s Write-Off

Associated Projects Infra Vs DCIT (ITAT Hyderabad)

Section 41(1) Addition Not Automatic: Creditor’s Write-Off Requires Verification

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) held that an addition under section 41(1) cannot be sustained merely because a creditor has written off an amount

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