#Section 41
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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
No addition under section 41 on waiver of loan by Government
Income Tax
Income Tax
Analysis of Section 41(1) of Income Tax Act, 1961
Income Tax
Income Tax
Section 41 addition cannot be made on basis of unsigned balance sheets
Income Tax
Income Tax
No Addition u/s 41(1) Merely Because Liability Outstanding for Long Period
Income Tax
Income Tax
Loan waiver never claimed as expenditure cannot be taxed u/s 41(1)
Income Tax
Income Tax
Surplus from assignment of loan to third party was not cessation or extinguishment of liability u/s 41(1).
Income Tax
Income Tax
Taxability of loan waivers under Section 28(iv) and Section 41(1)
Income Tax
Income Tax
Merely because a debt has not been repaid for over three years, would not automatically imply cessation of liability
Income Tax
Income Tax
Unclaimed creditors to be added to Income u/s 41, even if the same is not written back in Income statement
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.
