#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.

Entire ₹11 Lakh Cash Deposit Addition Deleted on Full Explanation

Loans Repaid – Section 68 Cannot Apply: ITAT Kolkata

Selective Treatment of LTCG vs STCG Rejected: ₹53.24 Lakh Addition Deleted

Penny Stock Allegations Rejected: ₹1.25 Cr & ₹1.53 Lakh Additions Deleted

Low Income of Investors Cannot Trigger Section 68 Addition: ₹3.32 Cr Deleted

ITAT Deletes ₹1.59 Crore Section 68 Addition Despite Non-Appearance of Creditors

Cash Deposits During Demonetisation Accepted as Genuine Cash Sales; Double Addition Deleted

ITAT Orders Fresh Verification After Lack of Evidence on Loan Creditworthiness

CIT(A)’s Deletion of Rs. 25.24 Cr u/s 68 Upheld as AO Accepts Cash Sales in Remand Report

Demonetisation Cash Deposit Explained in Part – Capital Improvement Partly Allowed by Estimation

Non-Speaking NFAC Order Set Aside: Raipur ITAT Remands Section 68 Addition & Ad-Hoc Expense Disallowance

Demonetization period cash deposit addition not sustained as SOP in CBDT instruction No. 3/2017 not followed

ITAT Declines to Condon 2590-Day Appeal Delay After Failure to Show Valid Reasons

Transfer order u/s. 127 made without serving notice upon assessee is invalid and inoperative
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.
