#Section 68
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ITAT Quashes Reassessment After 3 Years for Invalid Sanction

Tribunal Deletes ₹10.84 Cr Addition: Proper Sale Proceeds Ignored, Verified Loans Misread

AO Cannot Replace Evidence with Online Estimates: Tribunal Deletes Agricultural Income Addition

Beyond the Deadline: Reassessment Quashed Following SC’s Rajeev Bansal Ruling

Unexplained Money: ₹6.90 Lakh Addition u/s 68 Deleted as Cash Belonged to Seven Legal Heirs

HC Deletes ₹10 Cr Addition: “Bogus” Loan Claims Rejected Due to Lack of Incriminating Material

Revision Upheld for Failure to Examine Capital Gains on Urban Land Sale

Cash Deposits During Demonetisation Accepted as Genuine; Addition Deleted

ITAT Deletes Additions for Partner Capital/Interest Due to Lack of Enquiry

ITAT Deletes Section 68 Addition for Recorded Business Cash Deposits during Demonetisation

Scrap Sales Demonetization Cash deposit Addition reduced from ₹1.66 Cr to ₹8 Lakh

ITAT Deletes ₹5.89 Cr Addition, Retains ₹25 Lakhs: Cash Sales Not Taxable Under 68/115BBE

ITAT Delhi Quashes Section 147 and 148 Proceedings Over Improper Section 151 Sanction

No Evidence, No Rigging, No Bogus LTCG – Penny-Stock Theory Fails
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.
