{"id":63838,"date":"2026-08-05T17:21:33","date_gmt":"2026-08-05T11:51:33","guid":{"rendered":"https:\/\/itatonline.org\/digest\/siel-ltd-v-dy-cit-ltu-2025-123-itr-599-173-taxmann-com-278-delhitrib-2\/"},"modified":"2026-08-05T17:21:33","modified_gmt":"2026-08-05T11:51:33","slug":"siel-ltd-v-dy-cit-ltu-2025-123-itr-599-173-taxmann-com-278-delhitrib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/siel-ltd-v-dy-cit-ltu-2025-123-itr-599-173-taxmann-com-278-delhitrib-2\/","title":{"rendered":"SIEL Ltd. v. Dy. CIT (LTU) (2025) 123 ITR 599 \/ 173 taxmann.com 278 (Delhi)(Trib.)"},"content":{"rendered":"<p>The Assessing Officer disallowed interest alleging diversion of borrowed funds towards interest-free loans advanced to group concerns. The Tribunal held that identical disallowances in the assessee&#8217;s own case had been deleted in earlier assessment years and there was no change in the factual position. Following the earlier orders, the disallowance of interest was deleted. <strong>(<\/strong>AY.. 2003-04, 2006-07 &amp; 2011-12 to 2015-16).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(iii) : Interest on borrowed capital-Business expenditure-Loans to sister concerns-Consistent view in earlier years-Disallowance deleted.[S. 37(1)] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-63838","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gBE","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=63838"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63838\/revisions"}],"predecessor-version":[{"id":63839,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63838\/revisions\/63839"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=63838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=63838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=63838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}