Court ruled that unlicensed lending by non-bank entities forfeits tax exemption on loan contracts.

The Supreme Court resolved a legal question regarding whether non-bank entities conducting unlicensed lending activities qualify for tax exemptions. The plaintiff argued that such activities were merely commercial, while the tax authority contended that operating without a banking license violated the law. The court decided that because the entity lacked the required authorization, its lending operations were illegal, thereby stripping it of the statutory exemption from tax fees.