#Section 41
Log in to FollowEvery article filed under the “Section 41” tag — analysis, news and updates.
162 articlesIncome 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
Income Tax
Income Tax
Section 41(1) Not Applicable to Loan Waiver related to Capital Asset Purchase
Income Tax
Income Tax
Section 41(1) addition cannot be made merely for non-confirmation by creditors
Income Tax
Income Tax
Know-how under development is self-generated asset & hence no Capital Gain Tax
Income Tax
Income Tax
Waiver of Working Capital Loan Taxable u/s 28(iv) and not u/s 41(1)
Income Tax
Income Tax
Long outstanding liability cannot be treated as ceased liability & added back u/s 41(1)
Income Tax
Income Tax
