https://www.taxtmi.com/caselaws?id=252656 The Revenue challenged the deletion of an addition of interest income on an advance made to a sister concern by the assessee. The CIT(A) and Tribunal ruled in favor of the assessee, stating that notional interest income could not be taxed in the absence of interest being charged. Citing precedents, they emphasized that no income could be charged if no interest was levied on interest-free loans to sister concerns. The appeal was dismissed as no actual income was generated from the interest-free loans, and no substantial question of law was found to be considered by the court. en-us Thu, 16 Aug 2012 00:00:00 +0530 Fri, 17 Jul 2026 16:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252656 The Revenue challenged the deletion of an addition of interest income on an advance made to a sister concern by the assessee. The CIT(A) and Tribunal ruled in favor of the assessee, stating that notional interest income could not be taxed in the absence of interest being charged. Citing precedents, they emphasized that no income could be charged if no interest was levied on interest-free loans to sister concerns. The appeal was dismissed as no actual income was generated from the interest-free loans, and no substantial question of law was found to be considered by the court. Case-Laws Income Tax Thu, 16 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252656