#Section 68
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AO Cannot Reopen Assessment Based Only on Investigation Inputs

Borrowed Satisfaction: Guwahati ITAT Quashes 147 Reopening & 68 Addition on Alleged F&O Loss

Addition quashed as cash deposit during demonetization was redeposit of cash already withdrawn

Reopening for Section 68 but Taxing u/s 115BBC Is Jurisdictional Mismatch: Pune ITAT Quashes Reassessments

Section 68 Addition Deleted for Ignoring Peak Credit

Reassessment Fails Due to Wrong Use of Section 69 for Recorded Purchases with out book rejection

Addition Set Aside Due to Denial of Video Conference Hearing

Bogus Loan Allegation Rejected After Proof of Repayment

Taxation of Gifts from Family

Repaid Loans and Bank Entries Can’t Trigger Section 68

Borrowed Satisfaction Invalidates Reopening Under Section 147

Documented Demat and Exchange Trades Defeat Section 68 Addition

Reassessment u/s. 148 quashed as based on same material which was accepted by AO in earlier proceeding

NFAC Can’t Dismiss Appeal for Non-Appearance Without Merits Adjudication: ITAT Pune
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.
