Dy. CIT v. Wahid Sandhar Sugars Ltd. (2023)104 ITR 60 (SN)(Delhi) (Trib)

S. 41(1) : Profits chargeable to tax-Remission or cessation of trading liability-Sundry creditors outstanding for more than three years-Credit not written off in assessee’s books-Not to be treated as income. [S. 4, 28 (i)]

Held that sundry creditors outstanding for more than three years. Credit not written off in assessee’s books.Not to be treated as income.(AY. 2015-16)