{"id":30792,"date":"2022-11-25T13:32:00","date_gmt":"2022-11-25T08:02:00","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=30792"},"modified":"2022-12-03T06:16:57","modified_gmt":"2022-12-03T00:46:57","slug":"cessation-of-liabilities-411-taxability","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/cessation-of-liabilities-411-taxability\/","title":{"rendered":"Cessation of liabilities + 41(1) taxability"},"content":{"rendered":"<p>Is there any case law which favours the assessee that the creditors have been shown in balancesheet for more than 10 years but profitability u\/s 41(1) should not be arise in case of closure of business also.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[139],"qa_category":[23],"qa_tag":[747,62,729],"class_list":["post-30792","qa","type-qa","status-publish","hentry","qa_expert-research-team","qa_category-income-tax","qa_tag-cessation-of-liabilities","qa_tag-cessation-of-lliability","qa_tag-section-411"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/30792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=30792"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=30792"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=30792"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=30792"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=30792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}