#Section 41
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Income Tax
Income Tax
Tax cannot be levied on Loan Waived under one time settlement
Income Tax
Income Tax
Can AO invoke section 41(1) merely because liability is long outstanding
Income Tax
Income Tax
Sec. 41(1) addition cannot be made for liabilities that had not ceased
Income Tax
Income Tax
No cessation of trading liability for mere non-submission of confirmation from creditors
Income Tax
Income Tax
Gain on settlement of sales tax deferred liability not taxable
Income Tax
Income Tax
Tax on Liability of amalgamating company written off by amalgamated company
Income Tax
Income Tax
Treatment of Cessation of Liabilities – Section 41 – Case Laws
Income Tax
Income Tax
Waiver of loan for acquiring capital assets not amount to cessation of trading liability
Income Tax
Income Tax
No Cessation of liability if Amount forfeited is subject matter of civil suit and cannot be taxed
Income Tax
Income Tax
Addition U/s. 41(1) cannot be made for Amount not paid due to long pending dispute
Income Tax
Income Tax
Section 41(1) not applies if amount was not claimed in earlier year
Income Tax
Income Tax
Section 41(1) cannot be invoked by revenue without showing that such liability had, in fact, ceased to exist
Income Tax
Income Tax
Section 41(1) not apples if loan waiver not amounts to cessation of trading liability
Income Tax
Income Tax
Waiver of loan taken on capital account cannot be taxed U/s. 41(1)
Explore the latest Section 41 updates on TaxGuru, including relevant Income-tax Act provisions, rules, notifications, circulars, judicial decisions and compliance guidance. The coverage highlights important tax positions, procedural requirements, assessments, deductions, penalties and litigation developments to help taxpayers and professionals understand the practical implications of changes in income-tax law.
