#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.
Income Tax
Income Tax
No section 68 addition for Cost of purchase of penny stock shares
Income Tax
Income Tax
Addition based on oral evidence of third parties without opportunity of hearing not sustainable
Income Tax
Income Tax
Addition u/s 68 sustained for LTCG exemption from bogus co. share
Income Tax
Income Tax
Section 68 additions merely for minimum income declared by parties not sustainable
Income Tax
Income Tax
Penny Stocks Bogus Capital Gain – Calcutta HC upheld Additions
Income Tax
Income Tax
ITAT deletes Penalty related to addition for Gift from Mother
Income Tax
Income Tax
Order deleting section 68 additions after elaborate factual exercise is valid
Income Tax
Income Tax
Section 68 additions justified if firm fails to establish genuineness of cash introduced by partners
Income Tax
Income Tax
Section 68 addition not sustainable if Assessee discharges primary onus by submitting sufficient documentary evidence
Income Tax
Income Tax
Onus of proving nature and source of receipt lies on the assessee
Income Tax
Income Tax
No addition for receipt of sales in cash under section 68
Income Tax
Income Tax
No addition for cash deposited post demonetization out of Sale proceeds
Income Tax
Income Tax
Onus to prove genuineness & creditworthiness of unexplained credit lies on assessee
Income Tax
Income Tax
Capital introduced by partners cannot be taxed in the hands of firm
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.
