#Section 68
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Real Estate Cash Holdings Normal, Demonetization Deposits Not Taxable Without Evidence

Denial of exemption u/s. 11 set aside as advances given doesn’t violate section 13(1)(d): ITAT Mumbai

Different floors to be construed as single residential unit for Section 54F deduction: ITAT Delhi

Reassessment U/S 147 Quashed Due to Full & True Disclosure of Material Facts

ITAT Directs Appellant to Submit Documents for Section 12A Registration

ITAT: Lump-Sum Addition Allowed, Section 115BBE Effective Post-April 2017

Mere Non-Production of Investor Directors Doesn’t Disprove Company Identity – Section 68 Addition for Share application deleted

ITAT Directs Deletion of ₹2.7 Crore Addition as AO Failed to Dispute Loan Transaction Evidences

Pune ITAT Directs Re-examination of Demonetized Cash Deposit Addition

Income Already Taxed Cannot Be Reassessed as Unexplained Cash Credit: ITAT Ahmedabad

Penny Stock LTCG Additions on mere Conjecture Unjustified: ITAT Mumbai

Transaction Genuine under section 68 if Loan Repaid with Interest: ITAT Delhi

Reassessment u/s 148 Quashed for Change of Opinion: Tripura HC

Entries in a bank passbook cannot be treated as books of accounts for Section 68
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.
