Delhi H.C : Where no deduction or allowance had been made in respect of any loss, expenditure or liability in assessment for an earlier year, addition under section 41(1) cannot be made on basis of cessation of such liability

High Court Of Delhi CIT-III vs. Shivali Construction (P.) Ltd. Assessment Year : 2007-08 Section : 41(1) Badar Durrez Ahmed And Vibhu Bakhru, JJ. IT Appeal No. 52 Of 2013 May 1, 2013 JUDGMENT 1. This appeal by the revenue is against the order dated 20.04.2012 passed by the Income Tax Appellate Tribunal, New Delhi,…

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