https://www.taxtmi.com/caselaws?id=64617 Notional interest could not be brought to tax on advances made to a brother where the accounts showed no agreement to charge interest and no interest was actually received. The family relationship and shared residence without rent did not provide a legal basis to impute interest income, and no material showed any obligation on the assessee to charge interest on the advance. On those facts, addition of notional interest to the assessee's income was rejected. en-us Fri, 29 Aug 1975 00:00:00 +0530 Wed, 09 Feb 2011 10:29:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64617 Notional interest could not be brought to tax on advances made to a brother where the accounts showed no agreement to charge interest and no interest was actually received. The family relationship and shared residence without rent did not provide a legal basis to impute interest income, and no material showed any obligation on the assessee to charge interest on the advance. On those facts, addition of notional interest to the assessee's income was rejected. Case-Laws Income Tax Fri, 29 Aug 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64617