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Income Tax | Old Trade Liabilities Not Taxable Under Section 41(1) Merely Due to Non-Payment: ITAT Mumbai

17 Oct 2026 · 1d agoBy CA Sandeep KanoiSource: TaxGuru

Mumbai ITAT deletes ₹2.98 crore Section 41(1) addition on old creditors and orders Section 234C interest recomputation on returned income. The post Old Trade Liabilities Not Taxable Under Section 41(1) Merely Due to Non-Payment: ITAT Mumbai appeared first on TaxGuru .

Attribution

Original credit: CA Sandeep Kanoi. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.

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