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Bangalore ITAT Rules Demonetised Notes for Loan Recovery Are Not Taxable Under Section 68
Posted inBlog

Bangalore ITAT Rules Demonetised Notes for Loan Recovery Are Not Taxable Under Section 68

The Bangalore ITAT ruled that demonetised notes accepted for loan recoveries are not taxable under Section 68, easing tax burdens for cooperatives.
Posted by Prasenjit Bhowmik August 22, 2026
Bangalore ITAT Rules Demonetised Notes for Loan Recovery Not Taxable Under Section 68
Posted inBlog

Bangalore ITAT Rules Demonetised Notes for Loan Recovery Not Taxable Under Section 68

The Bangalore ITAT ruled that demonetised notes deposited for loan recovery are not taxable under Section 68, offering major relief to cooperatives.
Posted by Prasenjit Bhowmik August 12, 2026

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