Addition under sec. 41(1) couldn't be made in respect of waiver of interest on loan

IT: Where in course of assessment, Assessing Officer made addition to assessee's income under section 41(1) in respect of loan interest waiver by Government of India, in view of fact that assessee at no point of time had claimed waiver of interest on Government loan as expenditure and, moreover, said waiver was under Government policy, impugned addition deserved to deleted

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