https://www.taxtmi.com/caselaws?id=463070 The SC dismissed the review petitions filed by the petitioner challenging the prior order that denied entitlement to deduction under Rule 6EB for interest on NPAs. The Court held that the classification of debts as NPAs by NHB and the non-recognition of income under the Income Tax Act serve different purposes, and changes in NHB guidelines do not automatically alter Rule 6EB. The principle of real income was deemed inapplicable under Section 43D. The SC allowed the application to exempt filing certified copies of impugned orders but rejected the request for oral hearing. No grounds for review were found. en-us Wed, 19 Feb 2025 00:00:00 +0530 Mon, 04 Aug 2025 20:17:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463070 The SC dismissed the review petitions filed by the petitioner challenging the prior order that denied entitlement to deduction under Rule 6EB for interest on NPAs. The Court held that the classification of debts as NPAs by NHB and the non-recognition of income under the Income Tax Act serve different purposes, and changes in NHB guidelines do not automatically alter Rule 6EB. The principle of real income was deemed inapplicable under Section 43D. The SC allowed the application to exempt filing certified copies of impugned orders but rejected the request for oral hearing. No grounds for review were found. Case-Laws Income Tax Wed, 19 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463070