#Section 68
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Penny Stock Transactions: ITAT Delhi Upholds Deletion of LTCG Addition

ITAT Dismisses Algorithm-Based Tax Addition on Demonetisation Cash Deposits

ITAT Lucknow Remands Demonetization Cash Deposit Addition Case to CIT(A)

No disallowance u/s. 43B when deduction not claimed in P&L account

AO Empowered to Modify Penalty as per Higher Authority or Court Orders

Assessee Proves Loan Repayment & Discharges Section 68 Onus – ITAT deletes addition

Reassessment u/s. 148 without any tangible material is liable to be quashed

Service tax exempt on sale of flat subsequent to date of issue of occupancy certificate

Absence of cross-examination vitiates third-party statements: ITAT Nagpur

Taxing addition at higher rate u/s. 115BBE for cash deposit during demonetization not tenable: ITAT Surat

ITAT limits Bogus Purchase Addition to 5%; No Section 271(1)(c) Penalty on Estimated Additions

Revision u/s. 263 not sustained as plausible view taken by AO: ITAT Ahmedabad

Matter restored for granting adequate and effective opportunity of being heard: ITAT Delhi

Section 68 Addition justified if Share purchase & sale transactions were deemed bogus
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.
