ITAT deletes addition of credit card expenses incurred by director (Appellant) for Company

Shri Manish Kumar Vs ACIT  (ITAT Indore)

Introduction: In the ongoing dispute between Shri Manish Kumar and ACIT, the ITAT Indore has recently ruled in favour of the appellant. The issue in contention involved the addition of Rs. 5,22,614/- by the AO, which was allegedly paid via credit card for non-business purposes. The ITAT ordered the entire disallowance be deleted after considering the appellant’s explanations and supporting evidence.

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