https://www.taxtmi.com/caselaws?id=184815 The appellant's claim for deduction of provisions made for Non Performing Assets was rejected by the Income Tax Appellate Tribunal, which held that such provisions are predominantly capital in nature and not deductible as business losses. Despite following Reserve Bank of India directions, the tribunal dismissed the appeal, emphasizing that the provisions were not allowable as business losses. en-us Tue, 27 Feb 2007 00:00:00 +0530 Thu, 21 Jul 2016 11:34:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184815 The appellant's claim for deduction of provisions made for Non Performing Assets was rejected by the Income Tax Appellate Tribunal, which held that such provisions are predominantly capital in nature and not deductible as business losses. Despite following Reserve Bank of India directions, the tribunal dismissed the appeal, emphasizing that the provisions were not allowable as business losses. Case-Laws Income Tax Tue, 27 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184815