https://www.taxtmi.com/caselaws?id=69195 The tribunal upheld the decision allowing revenue loss as incidental to money lending business or a deduction as a bad debt. The Appellate Assistant Commissioner accepted the loss as connected to money lending activities, despite the revenue's challenge that the transactions were investments. The tribunal found the assessee engaged in money-lending business, justifying the loss as a business loss, and did not delve into treating it as a bad debt. Consequently, the departmental appeal was dismissed, affirming the initial decision. en-us Sat, 03 Apr 1976 00:00:00 +0530 Tue, 05 Apr 2011 16:53:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69195 The tribunal upheld the decision allowing revenue loss as incidental to money lending business or a deduction as a bad debt. The Appellate Assistant Commissioner accepted the loss as connected to money lending activities, despite the revenue's challenge that the transactions were investments. The tribunal found the assessee engaged in money-lending business, justifying the loss as a business loss, and did not delve into treating it as a bad debt. Consequently, the departmental appeal was dismissed, affirming the initial decision. Case-Laws Income Tax Sat, 03 Apr 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69195