https://www.taxtmi.com/caselaws?id=260600 The Tribunal upheld the addition of Rs. 15,45,89,893 to the total income of a microfinance institution, ruling that the entire gain from the assignment of the loan portfolio should be taxed in the year of receipt. The Tribunal also remitted the issue of deduction under section 35D back to the CIT(A) for fresh consideration, while dismissing general grounds and unpressed grounds. The appeal was partly allowed for statistical purposes. en-us Fri, 05 Jun 2015 00:00:00 +0530 Thu, 18 Jun 2015 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260600 The Tribunal upheld the addition of Rs. 15,45,89,893 to the total income of a microfinance institution, ruling that the entire gain from the assignment of the loan portfolio should be taxed in the year of receipt. The Tribunal also remitted the issue of deduction under section 35D back to the CIT(A) for fresh consideration, while dismissing general grounds and unpressed grounds. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Fri, 05 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260600