TaxTMI 
TaxTMI 
1998 (9) TMI 697
X X X X Extracts X X X X
X X X X Extracts X X X X
....both the courts below. Both the courts below have held that the plaintiff had advanced an amount of Rs. 4,000/- to the defendant and it was a loan transaction. In the result, both the courts below found in favour of the plaintiff and the suit of the plaintiff came to be decreed for an amount of Rs. 4,000/- with interest at the rate of 6% per annum. It is this finding of the courts below which is c....
X X X X Extracts X X X X
X X X X Extracts X X X X
....he courts below have held so and I find no reason to differ from the aforesaid findings recorded by the courts below in this behalf. So, it can very well be said that though the suit transaction was held to be a loan transaction the suit filed by the plaintiff was well within time. 4. It is then submitted by Shri Kaptan, learned Counsel for the appellant, that the plaintiff is a money lender and ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ns of money lending do not make a person as a professional money lender. I am fortified in this view by the judgment of Andhra Pradesh High Court in Mrs. K. Sundersanam v. S. Venkatarao, MANU/AP/0186/1963 : AIR1963AP442 . In this view of the matter, it cannot be said that the plaintiff had adopted money lending business as a profession. In my view, the lower Appellate Court has rightly held that t....