https://www.taxtmi.com/caselaws?id=66202 The Tribunal dismissed the appeals, affirming that the assessees were engaged in money-lending business and that the income derived from this activity should be taxed at the maximum marginal rate under Section 161(1A). The Tribunal also upheld the rejection of the new contention raised by the assessees, emphasizing the importance of consistency in tax treatment and the requirement for systematic and organized business activities to qualify as business income. en-us Wed, 30 Jun 1993 00:00:00 +0530 Tue, 22 Feb 2011 14:50:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66202 The Tribunal dismissed the appeals, affirming that the assessees were engaged in money-lending business and that the income derived from this activity should be taxed at the maximum marginal rate under Section 161(1A). The Tribunal also upheld the rejection of the new contention raised by the assessees, emphasizing the importance of consistency in tax treatment and the requirement for systematic and organized business activities to qualify as business income. Case-Laws Income Tax Wed, 30 Jun 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66202