#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.

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

Liability of Directors after Company Dissolution: ITAT Upholds Notice u/s 148

Mere classification of a supplier as a “bogus concern” doesn’t invalidate transactions outright

ITAT upholds addition of share capital & share premium under Section 68

ITAT Directs AO to Verify Claim of Fabricated Financial Statements of Assessee

Revisional power u/s 263 invocable as order passed without making required inquiry/ verification: Delhi HC

ITAT deletes Section 68 addition of Advance received against Sale

ITAT Deletes Cash Deposit Addition; Source Linked to Property Sale Advance received by father

Penny Stock Sale Not ‘Unaccounted Income’ if Purchase not doubted

CIT(A) Must State Points in Dispute & reasons in its order as per Section 250(6)

HC Upholds Deletion of Share Capital Addition Under Section 68

Addition u/s. 68 unsustainable as assessee duly discharged initial burden but AO failed to conduct independent inquires: ITAT Kolkata

Section 68 not apply to outgo or payment on account of expenditure

ITAT deletes LTCG Addition from Penny stock for Lack of Concrete Evidence
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.
