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Income Tax - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

Addition towards payment made to credit card company - since the ...


Credit Card Payment Addition: No Expenditure Claimed, No Need to Prove Business Purpose.

March 2, 2017

Case Laws     Income Tax     AT

Addition towards payment made to credit card company - since the assessee had not claimed any expenditure, the question of proving whether it was for the purpose of business do not arise - AT

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