#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.

Addition u/s 68 unsustainable as identity as well as creditworthiness proved

ITAT Pune Allows Section 54F Deduction Based on Date of Assignment Deed

ITAT upholds addition under section 68 for bogus LTCG from penny stocks

Collection of toll cannot be considered as provision of Business Auxiliary Service to NHAI

Ex-parte order passed without considering submission is non-speaking order

Service tax duly payable by sub-contractor even if main contractor discharged tax liability

ITAT upheld addition for Income received for arranging the deal

Addition towards alleged bogus purchases unsustainable as cross examination not allowed

Sub-contractor liable to pay service tax despite tax payment by main contractor

Addition u/s 68 unsustainable as onus with respect to receipt of share application money discharged

Provisions of section 68 doesn’t apply when cash sales reflected in books of accounts

Addition u/s 68 unsustainable as identity, creditworthiness and genuineness of transaction duly proved

Delay of 902 days condoned by considering complexity of Income Tax Laws: ITAT

Mere Citation of Different PANs by Assessee & AO doesn’t dismiss Appeal
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.
