#Section 68
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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

Bank Credits Recorded in Books Cannot Be Taxed Under Section 69A: Kolkata ITAT deleted ₹18.83-Cr Addition

Section 68 Addition Deleted as Investigation Wing Failed to Prove Receipt: ITAT Kolkata

Bank-Repaid Loan Cannot Be Deemed Accommodation Entry Solely on Third-Party Statement: ITAT Ahmedabad

Cash-Book Omission Cannot Trigger Section 68 Addition When Cash Sales Explain Source: ITAT Kolkata

ITAT Surat Restricts Unaccounted Purchase Addition to Profit Under Section 44AD
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.
