#Section 68
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Income Tax
Income Tax
S. 68 Assessee cannot be asked to prove source of source or origin of origin
Income Tax
Income Tax
Addition confirmed, in trading results should be allowed to set off against unaccounted income introduced in garb of cash deposits
Income Tax
Income Tax
Time-limit to exercise revisionary power to be computed from original assessment date as concerned issue was never remanded
Income Tax
Income Tax
Presumption as to validity of document wouldn’t discharge burden of proof cast on assessee U/s. 68, 69, 69A etc.
Income Tax
Income Tax
Addition u/s. 68 justified if applicants do not respond to summons, despite submission of PAN & bank details
Income Tax
Income Tax
Advance forfeited under a dubious transaction is taxable u/s.68
Income Tax
Income Tax
HC Explains 3 Criteria to judge if an entry is accommodation entry or not?
Income Tax
Income Tax
No addition for difference in cash Balance on mere assumptions
Income Tax
Income Tax
Addition u/s. 68 justified if creditworthiness of creditor & genuineness of transaction not proved
Income Tax
Income Tax
No addition u/s 68 for gift from close relative who confirms the gift and was man of means
Income Tax
Income Tax
Addition u/s 68 for no effort by Dept. to verify identity & creditworthiness of creditors not justified
Income Tax
Income Tax
S. 68 – AO need not establish that money come from assessee’s coffers
Income Tax
Income Tax
In case of gift burden is on assessee to prove financial capacity of Donor -SC
Income Tax
Income Tax
PPT on Cash Credit – Section 68 of Income Tax Act
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.
