#Section 68
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Protective Additions u/s 68 & 69C Invalid Once Substantive Addition Sustained: ITAT Mumbai

Section 68 Addition Deleted; Loans from Alleged Entry Providers Accepted on Consistency

No Section 263 Action on Debatable Penny Stock LTCG After Full AO Probe: ITAT Mumbai

Cash Sales Recorded in Books Cannot Be Added Again Under Section 68

CIT(A)’s Power to Set Aside Ex-Parte Assessment Affirmed: ITAT Chennai

Demonetisation Cash Deposits Taxed Due to No Business Necessity

Retracted Third-Party Statement Alone Insufficient for Section 68 Addition: ITAT Mumbai

Exemption Under Section 10(26AAA) Allowed as Sikkim Old Settler Status Recognised

Taxation of Unexplained Investments and Credits Under Section 115BBE

ITAT Delhi Rejected Accommodation Entry Allegation for Lack of Contradictory Evidence

Section 68 Addition Deleted Where Deposits Were Temporary for Student VISA & Repaid

ITAT Chandigarh Restored Appeal as CIT(A) Failed to Decide Case on Merits

Demonetisation Cash Deposits Explained; Partners Capital Not Taxable in Firms Hands

Entire Section 68/69 Additions Deleted; Cash Sales & Bank Withdrawals Accepted by ITAT Ahmedabad
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.
