ITAT Holds Interest-Free Advances to Sister Concern Cannot Automatically Be Treated as Diversion:

ITAT Holds Interest-Free Advances to Sister Concern Cannot Automatically Be Treated as Diversion

The ITAT Chennai deleted an interest disallowance under Section 36(1)(iii) made against Sei Aditi Power Private Limited.

ITAT Deletes Rs 51.26 Lakh Interest Disallowance

authorSaimadateSep 10, 2026
Last update on Sep 9, 2026
Premium

ITAT Holds Interest-Free Advances to Sister Concern Cannot Automatically Be Treated as Diversion

The ITAT Chennai deleted an interest disallowance under Section 36(1)(iii) made against Sei Aditi Power Private Limited.

Also Read

ITAT Gives Second Chance for Section 12A Registration After Tax Notices Were Sent to Outdated Email AddressRTCA Urges Government to Extend Due Date for Filing Tax Audit Reports and Forms 10B/10BB for AY 2026-27 Until Oct 31ITAT Sets Aside Section 263 Revision Where AO Had Examined Deduction Claim Under Section 57ITAT Quashes Rs 1.30 Crore Section 68 Unexplained Credits Addition, Holds Investigation Wing Input Alone Cannot Justify Reassessment

About Author

LinkedIn

Saima

Content Writer

Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
StudyCafe
Delhi, Delhi, India
402
Up Next

Loading suggestions…

Recent Posts

ITAT Gives Second Chance for Section 12A Registration After Tax Notices Were Sent to Outdated Email AddressPremium

CBI Court Convicts Private Company and Two Directors in Criminal Conspiracy and Cheating Case

RTCA Urges Government to Extend Due Date for Filing Tax Audit Reports and Forms 10B/10BB for AY 2026-27 Until Oct 31

All Posts

ITAT Sets Aside Section 263 Revision Where AO Had Examined Deduction Claim Under Section 57

Kerala Must Boost IGST Collection Along With GST Revenue: Minister C P John

ITAT Quashes Rs 1.30 Crore Section 68 Unexplained Credits Addition, Holds Investigation Wing Input Alone Cannot Justify Reassessment

View All

Tags

Income TaxITAT CHENNAI

StudyCafe Membership

For More details about Membership Click Join Membership Button