#Section 68
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Income Tax
Income Tax
Creditworthiness of investor company cannot rejected merely for declaring low income
Income Tax
Income Tax
Addition for share application money cannot be made for mere non-service of summon to directors of investment company
Income Tax
Income Tax
Onus on assessee to justify allottment of shares to outsiders at exorbitant premium
Income Tax
Income Tax
Addition justified for huge gifts on failure to prove genuineness
Income Tax
Income Tax
AO not justified in treating share application money as unexplained without rebutting evidences filed by Assessee
Income Tax
Income Tax
No Addition U/s. 68 if Assessee able to Prove identity of creditor, its creditworthiness & genuineness of transaction
Income Tax
Income Tax
Transactions, cannot be doubted merely because companies have meager income or for mere non-production of director
Income Tax
Income Tax
ITAT Deletes Section 69A Addition on Repayment of Recorded Unsecured Loans
Income Tax
Income Tax
Addition cannot be made by applying prudent man’s behaviour test
Income Tax
Income Tax
Bogus Loan: No need to explain source of source prior to insertion of proviso to Sec. 68
Income Tax
Income Tax
No addition for Gift from daughter if Assessee proves identity, genuineness & creditworthiness
Income Tax
Income Tax
Addition cannot be made for mere non-production of Directors and non-furnishing of their residential address
Income Tax
Income Tax
Section 68: Provisions related to Cash Credits /Undisclosed Income
Income Tax
Income Tax
Cash deposit cannot be assessed U/s. 68 when cheque deposits were accepted as business turnover
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.
