Microfinance EMI Collections During Demonetisation Held Genuine

Bhartiya Samruddhi Finance Ltd Vs DCIT (ITAT Delhi)

Demonetisation Cash ≠ Black Money: NBFC’s EMI Recoveries Explained, S.68 Deleted & 43B Deduction Allowed—ITAT Delhi

Assessee, a RBI-registered NBFC & Micro-Finance Institution, faced addition of ₹2.71 crore u/s 68 on account of cash deposits during demonetisation period, AO alleging unexplained money & even invoking s.269T. Assessee explained that cash represented EMI recoveries<

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