Recent experimental observations of magnetization plateau in metallic tetraboride $textrm{TmB}_{4}$ have created a lot of interest in these class of materials. Hysteretic longitudinal resistance and anomalous Hall Effect are other remarkable features in the rare-earth tetraborides which represent experimental realizations of Archimedean Shastry-Sutherland (SSL) lattice. Electronic band structures, calculated under GGA and GGA+SO approximations, show that $textrm{TmB}_{4}$ is a narrow band system with considerable correlation in its f-level. Strong correlation effects in this system are studied under single-site dynamical mean field theory (DMFT) [LDA+DMFT scheme] using multi-orbital generalization of iterated perturbation theory (MO-IPT). Pseudo-gap behaviour in spectral function and non-Fermi liquid behaviour of self-energy shows non-trivial strong correlation effects present in this geometrically frustrated metallic magnets. We also consider the extant, heather-to-neglected, strong atomic spin-orbit coupling (SOC) effects. While there is a significant change in the topology of the Fermi surface in the presence of SOC, the non-Fermi liquid behavior survives. The system can be modelled by an effective two orbital spinless Falicov-Kimball model together with two free band like states.
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