#Section 68
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Addition merely based on retracted statement cannot be sustained: ITAT Jaipur

Loan Creditworthiness in Question: ITAT Remands ₹36.5 Lakh addition Case

Cost imposed on assessee for non-compliance with notices issued by CIT(A) u/s. 250

ITAT remanded the matter as assessee failed to explain holding of two PAN

Ex-parte order by CIT(A) without adjudicating issues on merits not sustainable: ITAT Agra

Addition at 8% of Gross Profit without hearing: ITAT directs readjudication

Section 54F Exemption Allowed Despite Wife’s Name on Property Title; ITAT Deletes Addition of ₹168.55 crore unexplained cash credit

Section 68 to 69D and 115BBE: Remove these draconian sections from statute

Addition u/s. 68 not sustained as initial onus of proving identity, creditworthiness and genuineness discharged

Addition u/s. 68 towards bogus LTCG untenable due to lack of adequate evidence

No Additions in Completed Assessments u/s 153A Without Incriminating Material: ITAT Kolkata

Assessee could not apply under rule 46A- ITAT remands matter back to Addl./Jt. CIT(A)

Addition u/s. 68 deleted as identity and creditworthiness of share capital investor established

Calcutta HC allows LTCG exemption on share of Wagend Infra Venture Limited
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.
