#Section 68
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Income Surrendered During Survey Not Taxable at 60% under Section 115BBE

Defect Rectified Under Section 139(9) Validates Original Return from its filing date

Deletion based on evidences produced before CIT(A) without giving opportunity to AO violates rule 46A

Addition u/s 68 unsustainable as assessee’s involved in price manipulation not established

Validity of will depends on free will, sound mind of testator and circumstances in which it was executed: SC

Section 263 can be invoked for Real Errors & Not to invent or explore errors

Addition deleted as cash withdrawals during pre-demonetization more than cash deposited during demonetization

ITAT Orders Rs 25,000 Cost Deposit in PM Relief Fund for Assessee’s Non-Compliance

Section 68 Inapplicable if no Cash Transactions & no sum of money credited in books

Purchase of own shares comes within the ambit of dividend u/s 2(22) of Income Tax Act

No Income Tax Addition for Assessee Proving Source of Cash Deposits During Demonetization

Reassessment proceeding u/s 147 based on information from investigation wing valid

Undisclosed Income Taxed in Flagship Company Not Taxable in Assessee Companies

Addition u/s 68 unsustainable as leased land not considered while assessing agricultural income
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.
