#Section 68
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Pune ITAT Deletes ₹44.80 Crore Angel Tax Addition; AO Cannot Replace Assessee’s DCF Valuation with NAV Method

Section 12AA Registration Benefit Allowed as Assessment Was Pending: ITAT Agra

FAQs on Penalty provisions under Income Tax Act, 1961

Reassessment Quashed as Section 143(2) Notice Was Issued Without Jurisdiction: ITAT Kolkata

ITAT Allows Additional Depreciation on Dumpers as They Form Part of Plant & Machinery

ITAT Deletes ₹18.24 Crore Addition as Corrupted Computer Records cannot Override Audited Books

ITAT Quashes Section 153C Assessment as Satisfaction Note Was Common for Multiple Years

Section 263 Revision Invalid as Mandatory Section 143(2) Notice Was Never Issued

ITAT Deletes Section 68 Addition as Accepted Cash Sales Cannot Be Treated as Unexplained

ITAT Deletes Demonetization Cash Deposit Addition as Books & VAT Records Were Accepted

Cash Deposits During Demonetisation Cannot Be Taxed Twice Where Sales Are Accepted: ITAT Delhi

Section 68 Addition Deleted as Loan Genuineness & Creditworthiness Established

Section 68 Addition Upheld as Loans Were Accommodation Entries: ITAT Mumbai

ITAT Allows Deduction for Hidden Expenditure as Entire On-Money Cannot Be Taxed
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.
