if a person has taken any advance for supply of goods but due to some business commitment could not made any supply. After completion of 3 years is that treated as cessation of liability and whether the ITO can make addition for that? Further is that be added by ITO as unexplained Credits. As the assessee fails to submit the proof of such advance received by him. The respondant reply that no trading liability because no expenditure is transfered to Trading and P&L Account. So, it can't be said cessation of liability.
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