#Section 68
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Income Tax
Income Tax
S. 68 Addition cannot be made in the absence of books on the basis of mere bank statement
Income Tax
Income Tax
No Penalty on Gift of Resurgent India Bonds from Non Relative NRI
Income Tax
Income Tax
Gift not bogus if Assessee proves identity / creditworthiness of donor & genuineness of transaction
Income Tax
Income Tax
HC upheld addition for unaccounted stock, rejects plea of stock borrowal from Sister Concern
Income Tax
Income Tax
I-T Dept releases Book on Controversies in Income Tax Assessment
Income Tax
Income Tax
Mere non production of cash purchase bills does not make Purchase bogus
Income Tax
Income Tax
Genuineness of gift cannot be doubted if return filed by donor proves his creditworthiness
Income Tax
Income Tax
No addition for Share application money received if Assessee submits names, addresses, PAN of share holders
Income Tax
Income Tax
No Addition for share Application money if Assessee proves genuineness of transactions
Income Tax
Income Tax
Capital Gain from shares cannot be treated unexplained if sale of shares not proved bogus
Income Tax
Income Tax
s. 68 Addition for unexplained should be deleted even if Assessee explains & provides credible evidences even during appellate proceedings
Income Tax
Income Tax
DVO’s valuation based on incomparable sales is not permissible in law
Income Tax
Income Tax
No addition u/s. 68 if assessee proves the genuineness of transaction
Income Tax
Income Tax
S. 68 Onus on assessee to prove identity & creditworthiness of subscribers & genuineness of transactions
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.
