OM PARKASH vs. COMMISSIONER OF INCOME TAX-1 AAYAKAR BHAWAN JALANDHAR

Bench: MR. JUSTICE TEJINDER SINGH DHINDSA,MR. JUSTICE PANKAJ JAIN

68,859,00 Cr. Total 4,60,581.00 Cr. 5. In the absence of any confirmation from the above parties, it was held that the trading liability amounting to Rs.4,60,581/- had ceased to exist as per provisions of Section 41(1) of the Income Tax Act, 1961 and addition