Expression “any previous year” in Section 68 refers to previous year relevant to the Assessment Year in question - High…
Section 68 not applicable to sales receipt shown in books of accounts. A Receipt can not be treated sale proceeds…
It is incumbent upon CIT(A) to examine the veracity of the statements made in affidavits. Addition u/s 68 for cash…
Addition u/s 68 where return is filed under presumptive section 44AF deleted. Addition can not be made based on entries…
Addition u/s 68 upheld as cash was deposited in bank by the loan creditor immediately before transfer and was poor…
Addition as unexplained credit/Investment in case of money launderer / hawala operator. Supreme Court dismisses SLP against High Court order…
Addition made for not explaining frequent cash withdrawal and deposits in bank deleted as addition solely based upon suspicion not…
No Addition u/s 68 to be made as unexplained cash credit if loan creditor had deposited cash before issue of…
Provision of section 68 applicable even if business not commenced but the sum is credited in the books of account…
Deduction u/s 80P(2) not allowed for unexplained income assessed u/s 68 of the Act. The addition u/s 68 did not…