#Section 68
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Income Tax
Income Tax
No section 68 Addition if AO fails to properly verify details available with him
Income Tax
Income Tax
AO cannot make Addition for capital gains from penny stocks on mere statement recorded by INV Wing
Income Tax
Income Tax
Addition for income from commodity transactions not justified if supporting details filed
Income Tax
Income Tax
Addition U/s. 69 justified if creditors not found to be creditworthy
Income Tax
Income Tax
Section 68 addition-Separate maintenance of books by assessee and his proprietorship concern
Income Tax
Income Tax
Genuineness / creditworthiness of parties from whom share capital/premium received
Income Tax
Income Tax
Sec 68 No additions if assessee proves identity of share applicants: SC
Income Tax
Income Tax
Substantial justice deserves to be preferred over technical considerations
Income Tax
Income Tax
Sec. 68 addition to be made in hands of share applicant for unexplained investment
Income Tax
Income Tax
AO not justified in treating capital gain as unexplained cash credit Where assessee proved genuineness
Income Tax
Income Tax
Genuine Advances from customers cannot be treated as undisclosed income
Income Tax
Income Tax
AO cannot treat LTCG as bogus without any supporting evidence
Income Tax
Income Tax
Additions U/s. 68 solely based on general statement cannot be upheld
Income Tax
Income Tax
Deduction U/s. 80-IB(10) eligible on unaccounted receipts
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.
