Tag: Section 68 case

ITAT Upholds Deletion of ₹3 Crore Addition, Says Low Income Alone Cannot Prove Lack of Creditworthiness

Editor Commissions, Forums & Tribunals June 6, 2026

Income Tax Appellate Tribunal (ITAT) Law Notify

June 5, 2026 : The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has dismissed the Revenue Department’s appeal against ANR International Pvt. Ltd., reaffirming that low income reflected in an investor’s income tax return cannot, by itself, justify treating share Read more…

ITAT Delhi deletes ₹15.96 crore Section 68 addition against charitable society over corpus donations.

Team Law Notify Commissions, Forums & Tribunals May 23, 2026

Income Tax Appellate Tribunal (ITAT) Law Notify.in

May 22, 2026 : The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has ruled in favour of ARVR Education Society and deleted an addition of ₹15.96 crore that had been treated as unexplained cash credits under Section 68 of the Read more…