#Section 68
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On-Money Addition for Flat Purchase Deleted; Builder’s General Statement Alone Not Enough

Assessment on Amalgamated Company Held Void for Lack of Jurisdiction

Documented and Repaid Unsecured Loans Cannot Be Treated as Accommodation Entries u/s 68

Section 68 Additions Rejected as Loan Repayment and Cash Sales Explained

Unsecured Loans Through Banking Channels Accepted; Section 68 Addition of ₹2.87 Cr Deleted

Cash Advance Adjusted Through Tripartite Deal Not Unexplained Cash Credit U/s 68

Investor Funds of Company Cannot Be Taxed as Director’s Personal Unexplained Money u/s 69A

Demonetisation Cash Deposits Explained from Books: ITAT Deletes Section 68 Addition Despite ITS Mismatch

CBEC Data Mismatch Cannot Justify Addition Without Enquiry: ITAT Delhi

Repaid Loan with TDS-Proved Interest Cannot Be Treated as Unexplained Cash Credit: ITAT Indore

Capital Introduction Explained with Documentary Evidence – Section 68 Addition Deleted

Cash Deposits of Vodafone Distributor Taxable on Estimated Basis @8%: ITAT Pune

Untraceable Suppliers: Only 5% Profit Taxable on Purchases

Section 68 Addition Quashed Where Purchases and Stock Were Not Disputed
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.
