#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.

Income Tax Addition Upheld for Unverified Cash Loan Creditors: Jharkhand HC

Section 129 of CGST Act not invocable for mere non-production of delivery challan: Uttarakhand HC

Minimal Control Over Penny Stock Companies Does Not Invalidate Income Source

Kerala HC: Unsecured Loan Addition Invalid Without Notice, Matter Remanded

Section 68 applies when amount credited in assessee’s books lacks satisfactory explanation

Mumbai ITAT Upholds Deletion of Additions, Maintains Status Quo in Identical Case

Section 80P(2)(d) Deduction eligible on Interest Income of Co-Op Societies from Investments in Unlicensed Co-op Banks

No Section 68 Additions Without Substantive Inquiry & Evidence, Mere Suspicions Insufficient

Mumbai ITAT Admits Additional Evidence, Taxpayer Not Penalized for Non-Filing

ITAT upholds denial of LTCG exemption on shares of Kappac Pharma Limited

Addition under Section 68 Unjustified Without Falsity in Identity Documents: ITAT Delhi

Transaction not become bogus merely for non response to section 133(6) notices: ITAT Mumbai

Reassessment: Invalid if AO’s Belief Lacks Bona Fides, Is Vague and Arbitrary

No addition for loan solely on statements obtained during search proceedings
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.
