#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 Additions Fail After Remand Verification Confirms Loans

Addition of bogus LTCG not sustained since impugned scrip not in list of shares in investigation report

Mechanical U/s 153D Approval Voids Entire Search Assessment

Bogus Purchases Must Be Taxed Under Section 69C, Not 37(1)

Section 263 Quashed Where Assessing Officer Conducted Proper Enquiry

Reassessment Quashed as U/s 148 Notice Issued After TOLA Time Limit

Assessment Quashed for Failure to Issue Mandatory Show Cause Notice

Reassessment Quashed for Invalid Sanction Under Section 151(ii)

Addition Deleted Because Suspicion Cannot Substitute Proof in Penny-Stock Cases: ITAT Mumbai

Clerical Error in Accounts Triggers Fresh Probe of Cash Deposit

Payer’s Expense Accepted, Payee Can’t Be Taxed Under Section 68

Penal Tax Blocked: ITAT Orders Normal Rate on Cash Deposits

Sales in Books Accepted, But ‘Cash Buyer’ Bills Trigger Remand

Banking Trail Alone Not Enough: Two Loans Face Fresh U/s 68 Probe
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.
