Applicability of : Where assessee had written off balance of sundry creditors in its books of account and same was duly reported by tax auditor in tax audit report, since it was credited to profit and loss account, net profit disclosed by assessee already included said amount and consequently, same had already been offered to tax by assessee, there was no requirement of making addition of aforesaid amount under section 41(1) again while processing return of income – Ceat Ltd. v. Assistant Director of Income-tax – [2024] 164 taxmann.com 252 (Mumbai – Trib.)
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