#Section 68
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HC upholds ITAT decision deleting addition of LTCG on penny stock

Presumption of Interest-Free Usage When Interest-Free & Interest-Bearing Funds Are Mixed

Interest expense on loans borrowed during the course of real estate and finance business is allowable: ITAT Delhi

Failure to substantiate identity & fund source: Kolkata ITAT Remits Matter for Re-adjudication

ITAT directs AO to Re-Adjudicate disallowance of Demonetization Cash Deposits

Form No. 68 Upload Error: ITAT directs AO to reconsider Section 270A immunity

Reopening u/s. 148 merely based on investigation report is unjustifiable: ITAT Delhi

Invocation of deeming provisions of section 69 unjustified as nature and source of undisclosed income explained: ITAT Chandigarh

Addition u/s. 68 unsustainable as AO failed to conduct independent enquiry to verify genuineness of transaction: ITAT Kolkata

Addition u/s 68 deleted as genuineness and creditworthiness of lender proved: ITAT Delhi

Illogical to Treat Sales as Bogus When Purchases & Stock are Deemed Genuine

If No Addition Based on Reopening Reasons, Other additions Unsustainable

Jurisdiction u/s 153C assumed based on satisfaction note date when date of handing over of material unavailable: ITAT Delhi

Payment to related party cannot be disallowed u/s. 40A(2)(b) as AO failed to prove it as unreasonable: ITAT Delhi
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.
