#Section 41
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162 articlesIncome Tax
Income Tax
Surplus/Savings arising on prepayment of deferred sales tax not taxable u/s (iv)
Income Tax
Income Tax
Waiver of loan taken for acquiring a capital asset is taxable
Income Tax
Income Tax
Sec. 41(1)-Cessation of liability on capital account not taxable
Income Tax
Income Tax
Mere Lien over payment due to pending dispute does not result in cessation of trading liability u/s 41(1)
Income Tax
Income Tax
Bogus Purchase- Mere Adjustment in Purchase without disturbing Sales not Justified
Income Tax
Income Tax
In absence of any unilateral or bilateral w/off, no addition sustainable on account of cessation of liability
Income Tax
Income Tax
No Penalty for Doubtful addition U/s. 41(1) of Income Tax Act, 1961
Income Tax
Income Tax
If creditors are found bogus then addition can be made u/s 68 or u/s 41(1)
Income Tax
Income Tax
Making Chargeable to Tax U/s. 41(1) of Allowance/Deduction Already Made
Income Tax
Income Tax
Mere cessation of liability not results into fit case of sec. 41(1) of Income-tax Act
Income Tax
Income Tax
Cessation of loan liability taken for purchase of capital assets is capital receipt
Income Tax
Income Tax
Deferred tax can neither be taxed U/s. 41(1) nor U/s. 28(4) of Income Tax
Income Tax
Income Tax
S. 41(1) Merely because liabilities were outstanding for last many years, it cannot be said that said liabilities ceased to exist
Income Tax
Income Tax
