#Section 68
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Income Tax
Income Tax
Section 263 cannot be invoked if assessment order is not erroneous but is prejudicial to Revenue
Income Tax
Income Tax
Addition for Unexplained Cash credit merely based on doubts not sustainable
Income Tax
Income Tax
Addition of opening balance of unsecured loan u/s 68 is unsustainable
Income Tax
Income Tax
No addition for duly explained cash deposit during demonetisation
Income Tax
Income Tax
Addition towards unexplained cash credit unjustified as evidences and books of account not rejected
Income Tax
Income Tax
Addition u/s 68 of duly accounted cash sales is unjustified
Income Tax
Income Tax
Addition u/s 68 sustained as onus to prove identity & creditworthiness of creditors not discharged
Income Tax
Income Tax
Section 68 addition merely for non-registration of MOU not sustainable
Income Tax
Income Tax
ITAT deletes addition for Capital gains from Penny stocks
Income Tax
Income Tax
Section 68 addition justified for Cash Deposits not Corroborated with Business Receipts or Cash Withdrawals
Income Tax
Income Tax
Issue of share at premium – ITAT remands matter back to AO
Income Tax
Income Tax
Once identity & creditworthiness of investors is established addition u/s 68 unsustainable
Income Tax
Income Tax
Section 68 Addition by ignoring all evidences filed by assessee is unsustainable
Income Tax
Income Tax
ITR and Bank Statements are sufficient to prove creditworthiness under Section 68: ITAT
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.
