VittSphere ONE Calculators Blog CA Prabhakar Kumar · FCA · ICAI 560762
Case law › Section 41(5)

Section 41(5)

What section 41(5) does, and where it sits. This library holds no authority that turns on it.

No authority in this library turns on Section 41(5). That is a statement about this library and not about the law: it means no judgment, circular or instruction held here decides a point under it. What the provision does is explained below. If you are looking for a decision on it, say so through the search box — a provision people search for and we hold nothing on is the most useful thing we can be told.

Explained in this library

What section 41(5) does, in plain English, before you read what the courts made of it.

s.41(1): the deduction taken in an earlier year, coming back

The officer wants to tax old creditor balances, a waived loan and a refund under s.41(1). What does he actually have to establish first?