#Section 68
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Interest-Free Funds Bar Interest Disallowance; Book Profit Not Cash Credit: ITAT Jaipur

Notice Pasted on an Unidentified Locked Room: ₹1.46 Crore Reassessment Quashed

Recorded Cash Sales Cannot Also Be Taxed Under Section 68: ITAT Mumbai

Reassessment Based on Another Person’s NSEL Data Quashed: ITAT Mumbai

Defective Return Cured, Scrutiny Notice Too Late: ITAT Quashes Uber Health Tech Assessment

Cash Seized During Elections, but Which Balance Sheet Entries Could Be Taxed?

Unsecured Loan Addition Deleted After Lenders Prove Genuineness: ITAT Bangalore

Section 68 Additions Raise No Substantial Question of Law: Calcutta HC

No Section 153A Addition Without Incriminating Search Material: ITAT Mumbai

Repaid Bank Loans Cannot Be Treated as Unexplained Credits: Gujarat HC

ITAT Chennai Deletes Rs.85.30 Lakh Section 68 Addition on Cash Gifts

ITO Lacking Pecuniary Jurisdiction Cannot Frame Reassessment: ITAT Kolkata

0.25% Commission Rate Reasonable on Unexplained Bank Deposits: ITAT Ahmedabad

Section 263 Revision Valid for Partial Bogus Purchase Addition: ITAT Delhi
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.
