#Section 68
Log in to FollowLatest Section 68 updates, provisions, case laws, compliance requirements, tax implications and expert analysis under Income-tax law on TaxGuru.

Section 68 Not Applicable to Genuine Sales Transactions Supported by Documentation

No Section 68 Addition on Sales Already Offered to Tax: ITAT Mumbai

Valuation Issues alone were not valid ground for detention of goods in transit in IGST movement

No Section 68 Addition When Demonetization Cash Deposits Explained by Books: Allahabad HC

ITAT Mumbai Restores ₹32.67 Cr Loan Addition Due to Incomplete Verification of Creditors

Unexplained Income: Taxation under Sections 68 to 69D of Income-tax Act

115BBE Amendment Not Retrospective – ITAT Chennai Restricts Tax to 30% for Pre-01.04.2017 Transactions

Assessment order void as approval u/s. 153D granted in mechanical manner without application of mind

Power Agent Cannot Be Taxed Fully- ITAT Restricts Addition to 50%

Section 68 Addition Deleted Due to Double Taxation of Recorded Sales Receipts

Section 68 Addition Deleted Due to Explained Cash Sales in Books

Cash Deposits Cannot Be Treated as Unexplained When Books of Account Are Accepted

Section 68 Addition Deleted Due to Explained Business Receipts in Books of Accounts

Reopening for AY 2015-16 After 01.04.2021 Invalid – ITAT Quashes U/s 148 Notice as Time-Barred
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.
