#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.

Creditor Confirmed in Both Books: Section 68 Addition Reopened for Verification

Section 153C Assessment Quashed for Lack of Incriminating Material

Penalty Cannot Stand When Quantum Addition Is Reversed: ITAT Pune

Section 36(1)(iii) Disallowance Deleted Where Funds Were Sufficient

Deemed Dividend Deleted as Transactions Were Business Dealings

Reassessment for AY 2015-16 Quashed as Time-Barred Under Law

ITAT Delhi Quashed Reassessment for Borrowed Satisfaction & No Live Nexus

ITAT Deletes Addition: Borrower Can’t Be Penalised When Loan Accepted in Lender’s Case

Section 148 Notice Invalid Due to Defective Sanction: ITAT Delhi

Demonetisation Cash Sales: ITAT Rejects Full Section 68 Addition, Applies GP Estimation

CIT(A) Cannot Remand Assessment on Wrong Legal Assumption: ITAT Chandigarh

Addition u/s. 69A deleted as cash duly recorded in books of accounts

ITAT Delhi Set Aside Bogus Purchase Addition for Breach of Section 250(6)

No Double Tax on Cash Sales Recorded in Books: 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.
