#Section 68
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Income Tax
Income Tax
S. 68 Cash Receipt from Debtors: Addition justified on failure to prove
Income Tax
Income Tax
Addition U/s. 68 for Alleged unaccounted stock merely based on value of closing stock declared to banks is not sustainable
Income Tax
Income Tax
AO cannot doubt share premium if he accepts receipt of share capital as genuine
Income Tax
Income Tax
Addition for Bogus share capital: ITAT deletes addition as discharges primary onus cast upon it
Income Tax
Income Tax
Additions u/s 68 merely for not producing directors of investment companies is not sustainable
Income Tax
Income Tax
Provisions of Section 68 Cannot be applied to Sundry Creditor
Income Tax
Income Tax
Section 68 not apply if Assessee proves identity, creditworthiness & genuineness
Income Tax
Income Tax
Assumption of jurisdiction U/s. 153A invalid if No incriminating material found
Income Tax
Income Tax
No adverse inference can be drawn on Failure to offer cross-examination of persons whose statements are relied
Income Tax
Income Tax
To avail benefit of ‘peak credit’ theory Assessee needs to explain all transactions
Income Tax
Income Tax
If no cash involved in share allotment than unexplained cash credit provisions not attracted
Income Tax
Income Tax
AO cannot disallow Sum credit in books under Section 68
Income Tax
Income Tax
ITAT confirms addition for Property purchased by Son from Mother (A GPA Holder) for not-explaining source of investment
Income Tax
Income Tax
Income shown as agricultural but not proved is taxable as other Income
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.
