#Section 68
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Income Tax
Income Tax
Additional income once accepted cannot be later rectified and taxed as per section 115BBE
Income Tax
Income Tax
Addition sustained as onus not discharged by the assessee
Service Tax
Service Tax
UDF collected by airport operation, maintenance and development entities is not leviable to service tax
Income Tax
Income Tax
Trade payable duly explained hence addition u/s 68 unjustified
Income Tax
Income Tax
Addition u/s 68 sustained as identity and creditworthiness of lenders not proved
Income Tax
Income Tax
Initiation of reassessment in the name of non-existent amalgamated company is without jurisdiction
Income Tax
Income Tax
CIT(A) cannot change section under which AO made addition during assessment
Income Tax
Income Tax
Amendment to section 115BBE cannot be applied to search conducted prior to effective date
Income Tax
Income Tax
No income tax additions can be made merely relying on a Retracted statement
Income Tax
Income Tax
Unexplained investment addition in one co-owner unsustainable if no addition in other co-owners
Income Tax
Income Tax
Addition u/s 68 unsustainable as repayment of loan is made in assessment year itself
Income Tax
Income Tax
Provisions of section 68 not attracted as investment by investor companies explained
Income Tax
Income Tax
Amount received as consequence of divorce cannot be held as unexplained cash credit u/s 68
Income Tax
Income Tax
Mere proving identity of creditor is insufficient, genuineness of transaction is also to be proved
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.
