Held that if the assessee had not entered into the transaction with the bank as reflected in the credit card statement, the Assessing Officer ought to have examined the assessee’s consistent denial through external sources. The Assessing Officer was directed to carry out detailed examination whether the transactions were entered into by the assessee and, if found not so, the additions deserved to be deleted. (AY. 2010-11)
Capgemini India Pvt. Ltd. v. Dy. CIT (2022) 99 ITR 506 (Mum)(Trib)
S. 37(1) : Business expenditure-Credit card expenses of employee-Matter remanded for verification.