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Section 69

Latest Articles


Undisclosed Sources of Income and Tax Rate Applicable [Section 68-69D of Income Tax Act,1961]

Income Tax : Discover the tax implications and rates for undisclosed sources of income under Sections 68-69D of the Income Tax Act, 1961. Learn...

July 3, 2024 1326 Views 0 comment Print

Tax Liability on Unexplained Investment/Expenditure: Implications for Taxpayers

Income Tax : Explore the heavy tax implications on taxpayers for unexplained investments and expenditures under Income Tax Act sections 69 to 6...

January 3, 2024 2028 Views 0 comment Print

Know in detail Section 68, 69, 69A, 69B, 69C & 69D of Income Tax Act, 1961

Income Tax : Explore sections 68 to 69D of Income Tax Act 1961, covering unexplained cash credits, investments, and more. Learn about legal pro...

October 27, 2023 2694 Views 0 comment Print

Procedure For Buyback of Shares of Private/Unlisted Company

Company Law : Unlock the procedural intricacies of share buybacks in private/unlisted companies under the Companies Act, 2013. Explore the signi...

August 18, 2023 23100 Views 1 comment Print

Difference between section 68, 69, 69A, 69B, 69C and their Taxability

Income Tax : Explore the differences between income tax Sections 68, 69, 69A, 69B, 69C in India, their taxability, and implications. Understand...

August 17, 2023 5208 Views 0 comment Print


Latest Judiciary


Alleged bogus LTCG: ITAT deletes additions in absence of corroborative direct evidence

Income Tax : Read the full text of the ITAT Mumbai order in DCIT vs. Dilip B. Jiwrajka covering appeals against additions of unexplained income...

July 12, 2024 564 Views 0 comment Print

Section 56(2)(vii) inapplicable to non-residents: ITAT Delhi

Income Tax : ITAT Delhi rules Section 56(2)(vii) inapplicable to non-residents, deleting Rs. 9.31 Cr addition for APL Logistics Vascor Automoti...

July 10, 2024 4050 Views 2 comments Print

No Section 69A addition for Cash deposits recorded in books: ITAT Delhi

Income Tax : Read the full text of the ITAT Delhi order in Durga Fire Work Vs ITO case for AY 2017-18. Learn why Delhi ITAT ruled cash deposits...

July 10, 2024 1230 Views 0 comment Print

Delhi HC Denies Tax Exemption to Trust Charging Capitation Fee

Income Tax : Explore the Delhi High Court's judgment on ITSC's conclusive nature for AY, assessing reassessment under Section 148 of the Income...

July 9, 2024 162 Views 0 comment Print

Income voluntarily surrendered during survey related to business is taxable as business Income

Income Tax : Understand Parmod Singla Vs ACIT (ITAT Chandigarh) case on excess stock surrendered during survey and its tax implications under ...

June 27, 2024 207 Views 0 comment Print


Latest Posts in Section 69

Alleged bogus LTCG: ITAT deletes additions in absence of corroborative direct evidence

July 12, 2024 564 Views 0 comment Print

Read the full text of the ITAT Mumbai order in DCIT vs. Dilip B. Jiwrajka covering appeals against additions of unexplained income and commission under IT Act sections 68 & 69C for AYs 2012-13 to 2015-16.

Section 56(2)(vii) inapplicable to non-residents: ITAT Delhi

July 10, 2024 4050 Views 2 comments Print

ITAT Delhi rules Section 56(2)(vii) inapplicable to non-residents, deleting Rs. 9.31 Cr addition for APL Logistics Vascor Automotive Pvt. Ltd. Read full order and analysis.

No Section 69A addition for Cash deposits recorded in books: ITAT Delhi

July 10, 2024 1230 Views 0 comment Print

Read the full text of the ITAT Delhi order in Durga Fire Work Vs ITO case for AY 2017-18. Learn why Delhi ITAT ruled cash deposits during demonetization as non-taxable.

Delhi HC Denies Tax Exemption to Trust Charging Capitation Fee

July 9, 2024 162 Views 0 comment Print

Explore the Delhi High Court’s judgment on ITSC’s conclusive nature for AY, assessing reassessment under Section 148 of the Income Tax Act, 1961. Full text and detailed analysis included.

Undisclosed Sources of Income and Tax Rate Applicable [Section 68-69D of Income Tax Act,1961]

July 3, 2024 1326 Views 0 comment Print

Discover the tax implications and rates for undisclosed sources of income under Sections 68-69D of the Income Tax Act, 1961. Learn about cash credits, unexplained investments, and more.

Income voluntarily surrendered during survey related to business is taxable as business Income

June 27, 2024 207 Views 0 comment Print

Understand Parmod Singla Vs ACIT (ITAT Chandigarh) case on excess stock surrendered during survey and its tax implications under Sections 69, 69A, and 115BBE.

Assessee Proves Shareholder Identity and Creditworthiness, Section 68 Application Unjustified

June 27, 2024 201 Views 0 comment Print

Assessee has placed sufficient documents and materials on record to prove identity and creditworthiness of shareholders and genuineness of transaction of receiving share capital and share premium, invoking provisions of Section 68 of was not justified

Income Tax Addition cannot Be based Solely on unsubstantiated Loose Slips

June 25, 2024 603 Views 0 comment Print

The ITAT Bangalore ruled that income tax additions can’t be based solely on unsubstantiated loose slips, emphasizing the need for corroborative material evidence.

ITAT direct release of seized cash & Criticizes AO & CCIT for frivolous appeal

June 15, 2024 252 Views 0 comment Print

Read the detailed analysis of ITAT Delhi’s decision to delete the income tax addition of Rs. 89 lakhs seized by CBI from Eldeco Infrastructure & Properties Ltd.

ITAT deletes Section 69A Addition in the hand of intermediary in fund transfer

June 9, 2024 912 Views 0 comment Print

ITAT Ahmedabad deletes ₹4.45 crore addition under Section 69. Money from JDS Industries not deemed as Global Ship Trade P. Ltd’s income. Detailed case analysis.

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