The Economic Times

Rs 6.42 lakh travel expense disallowed as business expenditure over use of wifes credit card; businessman contests tax order, wins relief in ITAT Mumbai

Rs 6.42 lakh foreign travel expenditure disallowed from business income as businessman used wifes credit card to pay for it; ITAT Mumbai gives relief to taxpayer. Challa Nagendra Prasad, Judicial Member and G.M. Doss, Accountant Member of ITAT Mumbai heard this case.