Section 41(1): ITAT deletes addition as Assessee submit evidence of non-Cessation Liabilities

DCIT Vs Shreekrishan Goswami (ITAT Kolkata)

ITAT Kolkata upheld the decision of the CIT(A) to delete the additions made by the Assessing Officer (AO) under Section 41(1) of the Income Tax Act, 1961, for the Assessment Year 2014–15. The AO had treated certain outstanding liabilities as ceased to exist due to the non-receipt of replies

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