#Section 68
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Income Tax
Income Tax
No addition U/s. 68 if credits are not related to relevant Assessment year
Income Tax
Income Tax
Revenue Appeal not maintainable against addition deleted based on Remand Report
Income Tax
Income Tax
Section 68 Cannot be invoked merely on the basis of Presumptions
Income Tax
Income Tax
Slight difference in Person’s Name does not prove transaction is not genuine
Income Tax
Income Tax
Donor’s Identity, Relationship & Occasion of Gift are essential to prove genuineness of Gift
Income Tax
Income Tax
Onus on assesse to prove true identity of an investor, its creditworthiness and genuineness of a transaction
Income Tax
Income Tax
Section 68 cannot be invoked without proper inquiry
Income Tax
Income Tax
Sec.68- No addition where creditability of creditors established
Income Tax
Income Tax
Charging of High Premium on issue of shares can’t be ground for addition u/s 68
Income Tax
Income Tax
If creditors are found bogus then addition can be made u/s 68 or u/s 41(1)
Income Tax
Income Tax
In case of share capital identity, genuineness and creditworthiness of the cash creditor is to be proved by assessee
Income Tax
Income Tax
Issue of Share at Premium- Modus Operandi of Conversion of Black Money into White
Income Tax
Income Tax
Section 68 can’t be invoked if Transactions made are through proper Banking Channel & Assessee proves Identity & Genuineness
Income Tax
Income Tax
Addition u/s 68 for mere high premium on issue of shares not valid
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.
