#Section 68
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Income Tax
Income Tax
Details/ documents proved genuineness of purchases hence bogus purchase addition deleted
Income Tax
Income Tax
ITAT Patna Remands ₹1.32 crore addition Case to CIT(A) for Review
Income Tax
Income Tax
ITAT Chennai Deletes ₹5 Crore Addition as assessee proved source of funds
Income Tax
Income Tax
ITAT Delhi Dismisses Revenue’s Appeal Due to Low Tax Effect
Income Tax
Income Tax
AO made error in considering the clerical mistake in consolidated amount of capital: ITAT deleted addition
Income Tax
Income Tax
No addition u/s 69A for unexplained cash loan as assessee provided sufficient evidence
Income Tax
Income Tax
Requirement to explain ‘source of source’ was restricted to Share Capital and couldn’t be extended to unsecured Loans
Income Tax
Income Tax
Society not entitled to exemption under sections 11 and 12 due to non-filing of return of income
Income Tax
Income Tax
No addition u/s 68 for long-term capital gain on sale of shares as independent investigation was not conducted by AO
Income Tax
Income Tax
No addition of undervaluation of Closing Stock when AO failed to reject books of accounts
Income Tax
Income Tax
Matter of addition u/s. 68 restored back to demonstrate genuineness of agricultural sales
Income Tax
Income Tax
Addition u/s. 68 deleted as identity, genuineness and creditworthiness of lenders established
Income Tax
Income Tax
Addition u/s. 68 deleted since denial of exemption u/s. 10(38) not justified: ITAT Delhi
Income Tax
Income Tax
Unexplained cash deposit matter restored hence corresponding penalty u/s. 271(1)(c) matter too restored
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.
