https://www.taxtmi.com/caselaws?id=333958 The High Court affirmed the lower authorities' decisions, ruling that the interest income from money lending should be classified under "Profits and Gains from Business & Profession." The Court found the respondent's money lending activity to be a legitimate business operation, supported by the company's objectives and financial records. As a result, the appeal challenging the classification was dismissed without costs, as no substantial question of law was identified. en-us Wed, 19 Oct 2016 00:00:00 +0530 Fri, 28 Oct 2016 14:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333958 The High Court affirmed the lower authorities' decisions, ruling that the interest income from money lending should be classified under "Profits and Gains from Business & Profession." The Court found the respondent's money lending activity to be a legitimate business operation, supported by the company's objectives and financial records. As a result, the appeal challenging the classification was dismissed without costs, as no substantial question of law was identified. Case-Laws Income Tax Wed, 19 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333958