It cannot be taxed as income of this year unless it falls under the provisions of section 41(1) of the Act.Ħ. The disallowance, if any, has to be made in the year in which they were claimed. But the problem is that they do not pertain to this asst. The AO is correct in doubting the genuine of these expenses. Such expenses should not have been allowed in the year in which they were claimed.Ĥ. This indicates that these expenditure is not genuine. It is true that on a perusal of the nature of the expenses, our conclusion is that there cannot be outstanding for these many number of years. CIT(A) that there is cessation of liability in question.
This section can be invoked only when there is either cessation or remission of the liabilities.ģ.
Such additions of outstanding liabilities can be made only u/s.
AO made the addition of all outstanding liabilities except in the case of commission expenses, where both outstanding as well as current year expenses were added as income.Ģ. Green Star Corporation Vs ACIT (ITAT Kolkata)ġ.
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