https://www.taxtmi.com/caselaws?id=14677 The High Court held that activities such as investing money, earning interest, and generating rental income constituted a business activity for the assessee-firm, granting renewal of registration. The court emphasized the importance of genuine business engagement for firm existence and registration eligibility, ruling against the assessee based on the continuous nature of business activities required for classification as a business. en-us Mon, 10 Jul 2000 00:00:00 +0530 Sat, 18 Jul 2009 10:29:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14677 The High Court held that activities such as investing money, earning interest, and generating rental income constituted a business activity for the assessee-firm, granting renewal of registration. The court emphasized the importance of genuine business engagement for firm existence and registration eligibility, ruling against the assessee based on the continuous nature of business activities required for classification as a business. Case-Laws Income Tax Mon, 10 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14677