Merely because some of the creditors were outstanding for more than three years and no confirmations were filed, it cannot be said that there is cessation of liability and therefore, the amount due to the creditors is not chargeable to tax under s. 41(1). Followed, PCIT v. Batliboi Environmental Engineering Ltd. (2022) 141 taxmann.com 245 (Bom) (HC)  (AY. 2013-14,  2014-15)