#Section 68
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Income Tax
Income Tax
Cash deposited in account of Assesee already taxed in the hands of his employer – No addition in the account of Employee
Income Tax
Income Tax
Provisions of section 68 inapplicable in absence of maintenance of any books of accounts
Income Tax
Income Tax
Addition u/s 68 sustained as no fresh affidavits produced proving borrowing of unsecured loans
Income Tax
Income Tax
Section 68 not empower AO to make addition of sundry debtors/ advance to growers
Income Tax
Income Tax
Mere wrong mention of section not fatal to addition
Income Tax
Income Tax
Addition u/s 68 unsustainable as identity and creditworthiness of share subscribing companies proved
Income Tax
Income Tax
No section 69A addition for denial of section 80G deduction
Income Tax
Income Tax
Unexplained Difference in amount specified in Form 26AS & returns – ITAT upheld addition
Income Tax
Income Tax
Addition u/s 68 unsustainable as identity, genuineness and creditworthiness of parties proved
Finance
Finance
Pre-Budget 2023 Thoughts- Expectations of Startup Companies
Income Tax
Income Tax
Referring matter to valuation officer unjustified as books of accounts not rejected
Income Tax
Income Tax
No addition u/s 68 could be sustained if sales were made out of stock-in-trade
Income Tax
Income Tax
Receipt of amount via banking channel doesn’t make transaction genuine
Income Tax
Income Tax
Addition of unexplained cash credit unsustainable in absence of rejection of books of accounts
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.
