Held that when no deduction was claimed in earlier financial years addition cannot be made under section 41(1) of the Act. (AY. 2014-15)
Ravindra Arunachala Nadar v. ACIT (2021) 191 ITD 520 (Chennai)(Trib.)
S. 41(1) : Profits chargeable to tax-Remission or cessation of trading liability-Sundry creditors-Not claimed as deduction in earlier years-Addition cannot be made.