#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.

Capital introduced by partners cannot be taxed in the hands of firm

Income Tax Act not authorize taxing of same amount of income more than once

No prohibition for NRI for accepting gifts from relatives- ITAT deletes addition

ITAT remands matter back to CIT(A) to grant one final opportunity to assessee

Section 68 addition cannot be made merely for meager income shown by Investor Companies

Section 68 addition by AO without enquiring with AO of Loan Creditor is not justified

HC quashes section 263 revision as CIT not assumed jurisdiction without conducting independent enquiry

Suppression in Net Sales assessable as Business Income & not under Section 68

Offering lower amount than income surrendered during course of search

Beware from Taxman while taking an unsecured loan

Violation of RBI notification not attracts Section 68 addition – Deposit of demonetized notes

If no incriminating material found during Search- Section 68 additions not sustainable

Unsecured Loan from Kolkata Parties: ITAT confirms additions

Fictitious entry not backed up by funds cannot be taxed as Cash Credit
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.
