#Section 68
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Addition u/s. 68 remanded back with direction to file all documents explaining source of cash deposits

Appeal dismissed as tax effect below monetary limit as specified by CBDT: ITAT Kolkata

No addition u/s 68 as unexplained cash credits as there was lack of incriminating evidence

Unsecured loans proved to be genuine hence disallowance of interest u/s. 36(1)(iii) deleted

LTCG exemption cannot be denied for mere suspicion without concrete evidence

No Addition for Off-Market Penny Stocks if Purchase is Justified & Proper Documentation is Provided

Re-verify Section 69C interest expense disallowance: ITAT Ahmedabad

ITAT Remands Case to AO for Fresh Adjudication on Loan Credibility

Reopening of assessment based on wrong facts liable to be quashed: ITAT Mumbai

ITAT Deletes Cash Credit Addition Due to No Adverse Findings in remand report

Revisionary jurisdiction not sustained as AO took plausible and legally valid view: ITAT Ahmedabad

Demonetised Cash Deposit Addition on mere presumption not sustainable

Section 68 Unexplained Bank Deposit Additions: ITAT Orders Reassessment

View taken by AO cannot be set aside or deferred as per provisions of section 263: ITAT Ahmedabad
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.
