#Section 68
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Income Tax
Income Tax
AO cannot Simultaneously Reject & Rely Audited Books & Make Additions
Income Tax
Income Tax
No addition for Duly explained cash deposit for mere non appearance of creditor
Income Tax
Income Tax
Section 68 addition unjustified when Assessee submit confirmation & bank statement of Creditor
Income Tax
Income Tax
No Section 68 Addition for Unsecured Loans merely for Low Income declared by creditors
Income Tax
Income Tax
Section 68 addition cannot be made merely for Low Income of Creditor
Income Tax
Income Tax
No invocation of section 68 in case return of income filed u/s 44AD
Income Tax
Income Tax
No addition for duly supported Cash Gift from Relatives
Income Tax
Income Tax
Loan cannot be treated as bogus without considering documents submitted by Assessee
Income Tax
Income Tax
Credit in ‘bank account’ cannot be construed as credit in books under section 68
Income Tax
Income Tax
Addition for mere Absence of confirmations from Creditors & for differences without considering reconciliations
Income Tax
Income Tax
AO cannot invoke Section 68 merely for Unsatisfactory Explanation from Assessee
Income Tax
Income Tax
Penny Shares: Delhi HC deletes addition of alleged bogus LTCG
Income Tax
Income Tax
Penny Stocks – No addition on mere surmises, suspicion & conjectures
Income Tax
Income Tax
ITAT deletes addition on issue, not part of reasons for limited scrutiny
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.
