Case Law Details
Case Name : Bhartiya Samruddhi Finance Ltd Vs DCIT (ITAT Delhi)
Related Assessment Year : 2017-18
Courts :
All ITAT ITAT Delhi
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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< Please become a Premium member. If you are already a Premium member, login here to access the full content.
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