Failure to explain Credit Card Payments with Supporting Documentary Evidence: ITAT Deletes partial Addition [Read Order]

Failure to explain Credit Card Payments - Supporting Documentary Evidence - ITAT Deletes partial Addition- TAXSCAN

The Income Tax Appellate Tribunal (ITAT) Hyderabad Bench held that the assessee failed to explain the credit card payments with supporting documentary evidences. Hence, the bench deleted the partial addition. Sandeep Auraneebadkar, the taxpayer is an individual and has been carrying on the business of audio / video distribution / trading in electronic items, filed…

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