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Section 41(1) of the Income Tax Act, 1961 — Remission or cessation of trading liability — Provisions of section 41(1) could not have been invoked to add said amount to assessee's taxable income as assessee had shown outstanding trade payables in its books of account for last three years in absence of any evidence on record that there was a final remission or cessation of a trading liability or any part of it during relevant previous year — Deputy Commissioner of income tax vs. Sri Radhakrishna Shipping Ltd. [2019] 179 ITD 139 (Mumbai—trib)