Tax & ComplianceTaxGuru

Income Tax | ITAT Deletes Section 68 Addition on Trade Creditors, Rejects Profit Estimation

7 Sept 2026 · 7 Sept 2026By CA Ajay Kumar Agrawal

ITAT Lucknow deletes Section 68 addition on trade creditors and profit estimation, holding genuine purchases and books cannot be rejected without specific defects. The post ITAT Deletes Section 68 Addition on Trade Creditors, Rejects Profit Estimation appeared first on TaxGuru .

This article was aggregated from TaxGuru. Continue reading for the complete story.

Read on TaxGuru

General

Piyush Goyal Urges People To Promote Swadeshi Products At Bharatiya Mahotsav

Business Today

General

HAL to restart production of Sukhoi Su-30MKI fighter jets at Nashik facility: Report

Besides new production, HAL's Nashik facility is expected to play a key role in a major upgrade of the existing Su-30MKI fleet.

Business Today

General

undefined

Business Today

General

Gautam Adani Recalls Arriving In Mumbai At 16, Says The First Step Is Often Hardest

Business Today

Income Tax | ITAT Deletes Section 68 Addition on Trade Creditors, Rejects Profit Estimation

More Articles

Piyush Goyal Urges People To Promote Swadeshi Products At Bharatiya Mahotsav

HAL to restart production of Sukhoi Su-30MKI fighter jets at Nashik facility: Report

undefined

Gautam Adani Recalls Arriving In Mumbai At 16, Says The First Step Is Often Hardest