#Section 68
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Addition due to assessee’s failure to provide documents: ITAT Remands case

Disallowance U/S 40A(3) Deleted: Genuineness & Identity of receiver Proven

Section 68 Addition set aside as identity & creditworthiness of investors established: ITAT Kolkata

Loan taken and repaid through banking channels cannot be added u/s. 68: ITAT Ahmedabad

Ground not addressed by CIT(A) cannot be taken up by ITAT: Delhi HC

Construction of new residential house to its existing residence qualifies for deduction u/s. 54F

Cash Deposit During Demonetization: ITAT deletes additions partially, Considering Possible Cash Sales

ITAT Remands Unsecured Loan Case to CIT(A) for Fresh Review

₹10.95 Lakh Addition Due to Consultant’s Non-Compliance: ITAT Remands Case to CIT(A)

Telescoping of income not allowed if assessee not accepted cash credits: ITAT Ahmedabad

Cash Deposit from Fruit & Vegetable Sale Commission Not Income: ITAT Kolkata

Section 68 Addition without granting cross-examination opportunity untenable: ITAT Nagpur

Section 68 Not Applicable for Non-Utilisation of CSR Funds: ITAT Ahmedabad

Taxability of Surrendered Undisclosed Income u/s 115BBE Sent Back to AO for Re-Verification
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.
