#Section 68
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Passing of fresh assessment order beyond time prescribed u/s. 153(3) cannot be sustained: Delhi HC

Addition not sustained in absence of incriminating material during search: ITAT Pune

Ex-parte dismissal of appeal without discussing merits of the case unlawful: ITAT Ahmedabad

Delay in filing quantum appeal and penalty appeal condoned on demonstrating sufficient cause

Addition u/s 68 was deleted as no incriminating material found during search for Unabated AY

Dismissal of appeal on account of non-prosecution without deciding on merits unjustified: ITAT Ranchi

Addition U/S 68 for Unexplained Cash Credit Unjustified as Sale of Shares Reflected in P&L

Section 263 Revision Justified Due to AO’s Inadequate Inquiry: ITAT Ahmedabad

Deletion of Unexplained Cash Without Proper Verification Unjustified; Matter Restored: ITAT Raipur

Failure to furnish corroborative documentary evidence proving cash sales before CIT(A): matter remanded

ITAT deletes section 68 addition of ₹17.61 crore in respect of Share Capital investment

Addition u/s. 69A and 68 without finding any fault with evidence is unlawful: ITAT Mumbai

Section 263 Invocation Unjustified if No Evidence of Erroneous Order

Initiation of Section 153C Proceedings Beyond Six Years Impermissible: 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.
