https://www.taxtmi.com/caselaws?id=60444 The Tribunal allowed the assessee's appeals for the assessment years 1993-94 and 1994-95, disagreeing with the lower authorities' findings. It emphasized that the principal business was trading in paper, not providing finance, as interest income was incidental. The loans to closely-held companies did not establish finance as the main business. The judgment underscored the significance of analyzing business activities from financial statements to apply tax provisions correctly. en-us Wed, 10 Jul 2002 00:00:00 +0530 Thu, 21 Jun 2012 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60444 The Tribunal allowed the assessee's appeals for the assessment years 1993-94 and 1994-95, disagreeing with the lower authorities' findings. It emphasized that the principal business was trading in paper, not providing finance, as interest income was incidental. The loans to closely-held companies did not establish finance as the main business. The judgment underscored the significance of analyzing business activities from financial statements to apply tax provisions correctly. Case-Laws Income Tax Wed, 10 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60444