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

July 15, 2019[2019] 106 taxmann.com 396 (Madhya Pradesh)
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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

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