#Section 68
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Income Tax
Income Tax
Section 68 not applies to Swapping of shares
Income Tax
Income Tax
Bogus Share Capital- Onus is on assessee to prove genuineness of transaction
Income Tax
Income Tax
Bogus Share Capital | Addition upheld | Creditworthiness of shareholders not proved
Income Tax
Income Tax
Profit embedded in purchases covered by bogus bills only can be taxed
Income Tax
Income Tax
Cash advance against property cannot be treated as undisclosed money on mere conjectures & hypothesis
Income Tax
Income Tax
No addition of receipt of unsecured loans if identity, creditworthiness & genuineness of same proved
Income Tax
Income Tax
Assessee fails to explain source of such Cash Deposits- Section 68 Additions justified
Income Tax
Income Tax
Bogus Capital Gain: No adverse inference could be drawn against assessee on the basis of untested statements without allowing opportunity of cross-examination
Income Tax
Income Tax
Section 68 Addition- ITAT remands back the case to CIT(A)
Income Tax
Income Tax
No addition u/s 68 of bogus LTCG if assessee furnishes sufficient evidences
Income Tax
Income Tax
Section 68: Issue of shares in lieu of shares was not unexplained credit
Income Tax
Income Tax
No addition of unexplained credit u/s 68 without prima-facie enquiry by AO
Income Tax
Income Tax
Bogus LTCG Addition not sustainable if AO fails to disprove claim of Assessee
Income Tax
Income Tax
Share capital addition with premium on mere surmises / conjectures unjustified
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.
