#Section 68
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Income Tax
Income Tax
Disallowance on ad hoc basis justified if assessee not produces any vouchers
Income Tax
Income Tax
Section 68 addition justified for Bogus Unexplained Creditors
Income Tax
Income Tax
Addition not valid when Cash Deposit is included in Turnover offered For Tax under Section 44AD
Income Tax
Income Tax
AO can make addition u/s 68/69C despite estimation of Income U/s 44AF
Income Tax
Income Tax
Rectification was justified in case Tribunal’s ignorance of material on record was a mistake apparent on record
Income Tax
Income Tax
Sundry creditors cannot be doubted if AO accepts purchase, sales & net profit declared in return
Income Tax
Income Tax
No Section 68 Addition for Amount Already Shown Under Sales
Income Tax
Income Tax
Memory Loss is not valid explanation for not explaining Cash Deposit Source
Income Tax
Income Tax
No Section 68 addition merely for Common Address & Directors
Income Tax
Income Tax
AO cannot treat LTCG as Bogus merely on SEBI investigation report
Income Tax
Income Tax
Unexplained Share Application Money- ITAT deletes addition as no sum of money/cash was involved
Income Tax
Income Tax
Addition justified for unexplained deposit into bank account
Income Tax
Income Tax
Amount advanced in earlier year and received back in current year cannot be treated as unexplained cash credit
Income Tax
Income Tax
Section 68 addition cannot be made for duly explained credits
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.
