#Section 68
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General Modus Operandi Insufficient – Labour Expenses & Unsecured Loans Held Genuine

ITAT Indore Remands Case Over Ex-Parte Order Due to Short Notice

ITAT Nagpur Quashes PCIT’s 263 Revision: Protective Addition Cannot Be Substituted

Deposits Wrongly Clubbed with Share Capital – Tribunal Quashes NFAC Order

Cochin ITAT Restores 68 Addition on Capital Account to AO for Fresh Verification

Unexplained Income Provisions: Sections 68, 69, 69A, 69B, 69C & 69D

ITAT Lucknow Quashes ₹85 Crore Additions Against Educational Trust

Difference of opinion cannot justify Section 263 revision if AO taken Plausible View

Addition based on statement recorded behind back of assessee without affording cross examination cannot be sustained

Section 68 Addition Quashed for Co-op Society Deposits During Demonetization

Co-op Society’s Demonetization Deposits Not Unexplained Income: ITAT Pune

No Tax on Cash Deposits from Verified Members During Demonetization: ITAT Pune

Addition u/s 68 Must Match Relevant Year – Premium Deleted, Capital Issue Remanded

Reassessment on Illiquid Derivatives Set Aside as notice was time-barred
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.
