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2018 (7) TMI 1996 - ITAT DELHIAssessment u/s 153A - Addition on account of credit card expenses - taxability of expenses incurred on credit cards as perquisite - HELD THAT:- ITAT in assessee’s own case for assessment years 2007-08 to 2012-13 similar addition on account of credit card expenses was deleted by the ITAT addition u/s 153A in respect of not abated assessment based on the judgment of Kabul Chawla [2015 (9) TMI 80 - DELHI HIGH COURT] while adjudicating the issue of addition made on addition of disclosure u/s 132(4) of the Act. It is a fact that no incriminating material relating to credit card expenses was found during the course of search. CIT (DR) has also no dispute on this issue. Under these circumstances, the addition on account of credit card expense in respect of the captioned assessment years deserves to be deleted. - Decided in favour of assessee.
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