#Section 68
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TDS or Invoice Can’t Kill Charity – ITAT Says ₹5.97 Cr Is Donation, Not Business Income

Cash Deposits During Demonetisation Accepted as Genuine – ITAT Deletes Section 68 & 14A Additions

ITAT Quashes 4 Years of Assessments: Mechanical Sanction and Vague Reasons Vitiate Jurisdiction

Paper Companies, Premium Shares & No Verification – ITAT Sends ₹5 Cr Back for Fresh Scrutiny

No Exempt Gain, Only Genuine Loss – ITAT Rejects Penny Stock Allegation Allows ₹26.13L Business Loss

No Incriminating Material, No 153C: ITAT Quashes ₹32 Cr Share Capital Addition

Proof vs. Suspicion: ITAT Overturns 25% Estimated Bogus Purchase Disallowance

No 143(2), No Jurisdiction- ITAT Quashes Penny Stock Reassessment Despite Non-Cooperation by Assessee

No Exempt Income, No 14A Disallowance: ITAT Rejects Addition and Share Capital Challenge

Section 153D Approval Mandatory: Delhi ITAT Invalidates Assessment Over Missing Record

ITAT Deletes Addition on Alleged Shell Company Funds as AO Failed to Prove Transaction

ITAT Deletes ₹15 Crore Section 68 Cash Credit Addition on Old Car Sales Proceed

Project Terminated, Shares Worth Zero – ITAT Allows ₹68 Cr Capital Loss Strikes Down 68 Addition

Tax Relief on Peak Credit: ITAT Accepts Source of Funds Proved by Group Entity Confirmations
Explore the latest Section 68 updates on TaxGuru, including relevant Income-tax Act provisions, rules, notifications, circulars, judicial decisions and compliance guidance. The coverage highlights important tax positions, procedural requirements, assessments, deductions, penalties and litigation developments to help taxpayers and professionals understand the practical implications of changes in income-tax law.
