Section 43D: Tax Deductions for NPAs Differ from NHB Standards; Separate Frameworks for Income Tax and NPA Classification.

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....NPA - the real income principle would have no application as far as Section 43D of the Act. A distinction is required to be drawn between the concept of 'deductions' claimed under the Act which has to satisfy the conditions laid down therein to qualify as such and the prudential norms that the NHB Act may lay down for determining an NPA - HC....