#Section 41
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Income Tax
Income Tax
No section 41(1) addition if liability not stood remitted or ceased
Income Tax
Income Tax
Mere outstanding for long time not amounts to cessation of liability
Income Tax
Income Tax
Remission/cessation of liability by BIFR cannot be taxed under Income Tax Act
Income Tax
Income Tax
AO cannot treat trading liabilities as unproved on presumptions
Income Tax
Income Tax
Impact of Waiver of Loan or Liability on Depreciation Claim
Income Tax
Income Tax
Section 41(1) addition merely based upon conjectures & surmises was not sustainable
Income Tax
Income Tax
If AO made addition on estimated GP basis than other item-wise disallowance should not be made
Income Tax
Income Tax
Cessation’ of liability cannot be claimed by AO if proceedings for recovery pending against Assessee
Income Tax
Income Tax
Waiver of Loan And Its Consequent Tax Implications
Income Tax
Income Tax
No Section 41(1) addition for unexplained purchases if amount shown as payable in balance sheet
Income Tax
Income Tax
Section 41(1) cannot be applied to bogus & non-existent liability
Income Tax
Income Tax
Section 41(1) not applicable to Advance for bookings not claimed as allowance or deduction
Income Tax
Income Tax
Non refundable amount received in the course of Business can be treated as Income
Income Tax
Income Tax
Section 41(1) No Addition without evidence of cessation of trading liability
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.
