Tax Addition Under Section 68 Unjustified for Demonetised Cash Repayments and Related Interest Income
Tax Addition Under Section 68 Unjustified for Demonetised Cash Repayments and Related Interest Income Issue Whether cash repayments of existing loans received in Specified Bank Notes (SBNs) by a micro-finance NBFC, and the corresponding interest income already credited to the Profit & Loss account, can be treated as unexplained cash credits under Section 68 of… Read More »