#Section 68
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Taxability of Surrendered Undisclosed Income u/s 115BBE Sent Back to AO for Re-Verification

Addition in Unabated Assessment Must Be Based on Seized/Incriminating Material

Assessment was completed without examination of books of account: ITAT remands back the matter

Cost imposed for lack of diligence on part of assessee: ITAT Ahmedabad

Matter remanded back to CIT (A) as there was failure to adjudicate issues u/s 148

Maintenance of books not required for filing ITR u/s 44AD-ITAT set-aside order u/s 263

Directs CIT(A) to decide denial of FTC with other pending appeal of same assessment year: ITAT Ahmedabad

Assessee was able to explain additions: ITAT remanded matter to CIT(A)

Addition u/s. 68 deleted as evidences demonstrated cash deposits were through agricultural income

Addition u/s. 68 deleted as nature and source of credit explained: ITAT Surat

Cash received from agricultural income deposited during demonetization-ITAT deleted addition

Notice u/s 143(2) was invalid as the same issued by another AO to whom jurisdiction was transferred much later

Capital contribution was made by partners of the firm: ITAT deleted addition

Assessee did not appear despite service of notice: ITAT imposed cost of Rs. 5,000
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.
