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ITAT Mumbai grants partial relief to businessman over wife's card travel expenses

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The Income Tax Appellate Tribunal (ITAT) in Mumbai has granted partial relief to a businessman whose Rs 6.42 lakh in business travel expenses were disallowed by the income tax department. The dispute arose because the travel payments had been made using his wife's credit card rather than his own. The tax authorities questioned the legitimacy of claiming these as business expenses since the transactions were not directly in the taxpayer's name. The ITAT reviewed the case and ruled partially in the businessman's favour, providing some relief on the disallowed amount.

Read the full story at Times of India

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