#Section 68
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Delay condoned but cost directed to be deposited in PMRF due to lack of diligence: ITAT Jaipur

Delay of 601 days condoned on reasonable cause shown: ITAT Bangalore

Section 2(14): No capital gains tax on Income proceeds from Agricultural Land

Addition merely based on retracted statement without any incriminating material unsustainable: ITAT Ahmedabad

CIT(A) cannot pass ex-parte order without affording opportunity of being heard: ITAT Delhi

Addition u/s. 68 sustained as assessee failed to establish genuineness of transaction: Rajasthan HC

Sale of shares on stock exchange cannot be treated as unexplained u/s. 68: ITAT Mumbai

Healthy Discussion on Sections 68 & 44AD by CA Micky and CA Mini

Notice issued making addition u/s. 68 whereas order confirmed addition u/s 69A untenable: Calcutta HC

Co-owners treatable as independent service provider for threshold exemption under service tax: CESTAT Ahmedabad

Addition u/s. 68 justified as revenue exhibited transaction as bogus: ITAT Ahmedabad

ITAT Directs Assessee to Prove Creditor’s Identity and Creditworthiness

Section 254(2) Applies Only for Rectification, Not for Order Recall: ITAT Ahmedabad

No Addition if Accounts Supported by Affidavit Remain Uncontroverted: ITAT Jodhpur
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.
