#Section 68
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Income Tax
Income Tax
Share Application Money – Primary burden is on AO to show that same is unexplained cash credit
Income Tax
Income Tax
Addition for Subscription to share Capital by Kolkata based companies
Income Tax
Income Tax
Addition for loan received after deposit of Cash in Bank Account of loaner
Income Tax
Income Tax
ITAT Confirms Addition of 1% Commission on Hawala / Bogus Turnover
Income Tax
Income Tax
Addition u/s 68 can be made on account of share applicants’ lack of resources
Income Tax
Income Tax
Additions for undisclosed investment could without doubting the genuineness of documents produced not justified
Income Tax
Income Tax
Additions without proper opportunity of being heard not justified
Income Tax
Income Tax
No Addition U/s. 68 for RNBC/ Banks despite not proving creditworthiness of depositors if complied with KYC norms
Income Tax
Income Tax
Reopening on the basis of vague / uncertain information on Accommodation Entry not valid
Income Tax
Income Tax
Mere PAN Number or assessment particulars does not establish the identity of a person
Income Tax
Income Tax
Assessee discharges his initial onus if he duly furnishes PAN, B/S, COI, Confirmation & bank a/c of creditor
Income Tax
Income Tax
How to quantify income in case of admitted accommodation entry
Income Tax
Income Tax
Cash Agricultural income genuineness cannot be doubted on suspicion
Income Tax
Income Tax
HC asks CBDT to enquire into conduct of AO for not acting bonafide manner
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.
