#Section 68
Log in to FollowLatest Section 68 updates, provisions, case laws, compliance requirements, tax implications and expert analysis under Income-tax law on TaxGuru.

Peak Credit Statement Should be Considered in Cash Deposit Addition: ITAT Indore

Mere demonetization cannot be a reason for doubting availability of cash with assessee

ITAT slams AO & CIT(A) for Unwarranted litigation, incompetence & casual approach

Deduction u/s. 80IC eligible on addition u/s. 68 of unsubstantiated share capital: Delhi HC

Sale of shares cannot be treated as bogus if material recorded proves genuineness: ITAT Mumbai

No section 68 addition based on turnover declared under section 44AD

Section 68 addition invalid if creditworthiness proven: ITAT Delhi

Cash Deposits During Demonetization: ITAT Delhi deletes Addition

Share capital/premium cannot be added to income for mere non-compliance of summons by subscribers

No reassessment for Client code modification on failure to prove malafide purpose of shifting profit

Advance from Customers Not Section 68 Income; Powers of CIT(A) Parallel to AO’s

Section 71 Inapplicable if Goods Unloaded Outside notified Area with Superintendent Permission: SC

Section 68 Addition Unjustified if Shares’ Purchase & Sale Validated by Evidence: ITAT Mumbai

BMM Ispat Limited Vs ACIT: ITAT Directs Re-Adjudication on Unsecured Loan Source
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.
