https://www.taxtmi.com/caselaws?id=258672 The court ruled in favor of the assessee, determining that the principal business of the company was granting loans and advances based on the volume of activities over the years. The decision emphasized the significance of business activity alongside income in interpreting Section 73 of the Income Tax Act. en-us Thu, 19 Mar 2015 00:00:00 +0530 Thu, 13 Aug 2015 10:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258672 The court ruled in favor of the assessee, determining that the principal business of the company was granting loans and advances based on the volume of activities over the years. The decision emphasized the significance of business activity alongside income in interpreting Section 73 of the Income Tax Act. Case-Laws Income Tax Thu, 19 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258672