Employee Not Liable for Employer’s Business Expenses

Inder Mohan Thapar Vs ACIT (ITAT Delhi) Employee Can’t Be Taxed for Employer’s Expenses: ITAT Delhi Deletes Credit Card Disallowances in Individual’s Hands The Delhi ITAT “SMC” Bench,  partly allowed the appeal of Inder Mohan Thapar for AY 2011-12, deleting multiple additions made on account of credit-card based expenditure in the hands of a salaried employee, while upholding the validity of reopening The assessment was reopened to examine credit card payments of ₹37.62 lakh during FY 2010-11. However, while framing the reassessment, the AO made various additions including: disal...