Transactions through Credit cards - unexplained purchases - The ...

Taxpayer's Claim of Returning Goods for Cash Discounts Rejected; Unexplained Credit Card Purchases Under Scrutiny.

December 3, 2017

Case Laws Income Tax AT

Transactions through Credit cards - unexplained purchases - The claim of the assessee that he was returning the goods back to the seller at the 3% discount to generate cash for payment of credit card dues on account of financial crisis, is completely unsustainable. - AT

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Transactions through Credit cards - unexplained purchases - The ...

Taxpayer's Claim of Returning Goods for Cash Discounts Rejected; Unexplained Credit Card Purchases Under Scrutiny.

December 3, 2017

Case Laws Income Tax AT

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