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Income Tax | Old Credit Balances Cannot Be Taxed Under Section 68: ITAT Chennai

3 Sept 2026 · 3 Sept 2026By CA Sandeep Kanoi

ITAT Chennai deletes additions under Sections 41(1) and 68 where credits were old and not related to earlier deductions. The post Old Credit Balances Cannot Be Taxed Under Section 68: ITAT Chennai appeared first on TaxGuru .

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Income Tax | Old Credit Balances Cannot Be Taxed Under Section 68: ITAT Chennai

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