Monday, July 15, 2019

NBFC not liable to pay tax on interest earned on NPAs on accrual basis: HC

INCOME TAX: Assessee, a non-banking institution, engaged in providing financial assistance to its customers, was not liable to pay tax in respect of interest earned on non-performing assets (NPA) on accrual basis

from www.taxmann.com Latest Case Laws https://ift.tt/2lsVPBj

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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