Skip to content
July 26, 2026 info@indiataxclub.com
  • Facebook
  • instagram
  • twitter
  • linkedin
India Tax Club

India Tax Club

Taxation News and Laws

Primary Menu
  • Home
  • Income Tax
  • GST
  • Business Registration
  • Featured Blogs
  • Calculators
    • Income Tax Calculator
    • FD Calculator
    • Mortgage and Loan EMI Calculator
    • NPS Calculator
    • EPF Calculator
  • Useful Links
  • Free Listing
  • Income Tax

ITAT Deletes Section 68 Addition Since Opening Loan Balances Cannot Be Taxed Again

SEO Expert May 19, 2026

The Delhi ITAT held that opening balances of unsecured loans cannot be treated as unexplained cash credits under Section 68 when no fresh funds were received during the relevant year. The Tribunal deleted additions after finding that the Assessing Officer wrongly included brought-forward balances.

The post ITAT Deletes Section 68 Addition Since Opening Loan Balances Cannot Be Taxed Again appeared first on TaxGuru.

Continue Reading

Previous: Section 10, 11 and 12 of CGST Act, 2017
Next: Section 54 Exemption Allowed as Investment Was Made Within 2 Years Despite No CGDS Deposit

Related Stories

  • Income Tax

Understanding Trust Law in India: Formation, Registration & Governance

SEO Expert July 25, 2026
  • Income Tax

ITAT Deletes Sections 41 & 43 BMA Penalties for Bona Fide ESOP Disclosure Omission

SEO Expert July 25, 2026
  • Income Tax

Madras HC Dismisses Writ Against Section 153A Assessment, Cites Alternate Appeal Remedy

SEO Expert July 25, 2026

Markets

Currency Converter

Gold Price

Recent Posts

Cyber Security and Cyber Resilience Framework: Challenges and Expectations
Featured Posts Finance

Cyber Security and Cyber Resilience Framework: Challenges and Expectations

June 26, 2026
Tax Policy and Litigation: Navigating Disputes, Risks & Resolution
Featured Posts Income Tax

Tax Policy and Litigation: Navigating Disputes, Risks & Resolution

June 25, 2026
How to File ITR Online for AY 2026-27: Complete Step-by-Step Guide
Featured Posts Income Tax

How to File ITR Online for AY 2026-27: Complete Step-by-Step Guide

June 11, 2026
The Power of Documentation in Audit
Featured Posts

The Power of Documentation in Audit

June 9, 2026
Auditing in the Digital Era: Assurance & Digital Trust
Featured Posts

Auditing in the Digital Era: Assurance & Digital Trust

June 9, 2026
Financial Fraud: A Growing Threat to Businesses and Individuals in India
Featured Posts

Financial Fraud: A Growing Threat to Businesses and Individuals in India

June 9, 2026
  • Facebook
  • instagram
  • twitter
  • linkedin
All rights reserved.
Contact Us

Feel Free to Contact Us