#Section 68
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Genuine Share Transactions Backed by Evidence valid despite Allegations against Broker

Providing less than 7 days to reply is against mandate of Section 148A(b): ITAT Raipur

Genuine LTCG Exemption Cannot Be Denied Based on Suspicion or Conjectures

Resolution plan of Piramal Capital and Housing Limited for DHFL approved

ITAT Ahmedabad quashes Ex-Parte Order for Ignoring Objections to Mechanical Reopening

Section 68 Addition for Capital Contribution Deleted on Proof of Identity, Genuineness & Creditworthiness

Section 68 Addition unsustainable as LTCG Non-Genuineness Not Proven: ITAT Ahmedabad

Section 148 Reopening based on incorrect facts & reasons is invalid: ITAT Delhi

Penalty u/s 271(1)(c) Justified for Concealment via Bogus Share Capital: ITAT Delhi

Section 153D Approval granted mechanically vitiates entire assessment: ITAT Delhi

No LTCG Addition Without Concrete Evidence, Mere Suspicion Insufficient: ITAT Kolkata

ITAT Kolkata Allows LTCG Claim for Lack of Specific Evidence

LTCG Cannot Be Treated as Bogus Without Specific Evidence on Mere Suspicion

LTCG Cannot be Deemed Bogus Solely on Price Volatility or General Investigation Report
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.
