OM PARKASH vs. COMMISSIONER OF INCOME TAX-1 AAYAKAR BHAWAN JALANDHAR
ITA/338/2019HC Punjab & Haryana30 Mar 2022
Bench: MR. JUSTICE TEJINDER SINGH DHINDSA,MR. JUSTICE PANKAJ JAIN
Section 133(6)Section 145(3)Section 41(1)Section 41(1)(a)Section 44A
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 of Rs.4,60,581/- was made
