Chartered Universe
LoginSign Up
Back to Articles
Tax & ComplianceTaxGuru

Income Tax | ₹10 Crore Section 68 Addition Upheld as Assessee Failed to Prove Genuineness: Madras HC

12 Oct 2026 · 1d agoBy CA Sandeep KanoiSource: TaxGuru

Madras HC dismisses review against ₹10 crore Section 68 addition, holding that unexplained bank credits and previously available documents cannot justify review. The post ₹10 Crore Section 68 Addition Upheld as Assessee Failed to Prove Genuineness: Madras HC appeared first on TaxGuru .

Attribution

Original credit: CA Sandeep Kanoi. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.

Read on TaxGuru

More Articles

Tax & Compliance13 Oct 2026

1099 for Subcontractors: What Contractors Need to File

Do you know which of your subs need a 1099 this year? Continue reading on Medium »

Medium — Tax & Accounting · Civita Tax Solutions

Audit & Standards13 Oct 2026

When Clients Ask ChatGPT for Legal or Accounting Advice, Does Your Firm Exist?

Traditional SEO traffic is plateauing. Here is how leading legal and accounting practices are tracking their recommendations across… Continue reading on Medium »

Medium — Accounting · Shivam

Audit & Standards13 Oct 2026

How to check a subcontractor invoice before you pay it

Full disclosure: I’m the founder of SyteNav, a construction management tool for general contractors. The checklist below works with a… Continue reading on Medium »

Medium — Accounting · Sytenav

Tax & Compliance13 Oct 2026

Travel Nurse Tax Home Log: Contract Compare + Days-Home Calendar + Stipend Duplicate Checklist

TravelTaxHome Log — Tax-Home Days + Stipend Audit + Contract Compare for Travel Nurses — the ready-made Sheet pack ($22 on Gumroad). Continue reading on Medium »

Medium — Tax & Accounting · EasyStreet