https://www.taxtmi.com/caselaws?id=329317 The court analyzed whether the assessee qualified as a "financial company" under the Interest Act based on its principal business activity and income sources. After considering legal precedents and arguments, the court determined that the assessee's primary business involved granting loans, as evidenced by income figures and balance sheets. Consequently, the court dismissed the appeals and upheld the classification of the assessee as a financial company in accordance with the Act. en-us Wed, 15 Jun 2016 00:00:00 +0530 Tue, 28 Jun 2016 18:40:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329317 The court analyzed whether the assessee qualified as a "financial company" under the Interest Act based on its principal business activity and income sources. After considering legal precedents and arguments, the court determined that the assessee's primary business involved granting loans, as evidenced by income figures and balance sheets. Consequently, the court dismissed the appeals and upheld the classification of the assessee as a financial company in accordance with the Act. Case-Laws Income Tax Wed, 15 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329317