https://www.taxtmi.com/caselaws?id=281424 The ITAT allowed the appeal and directed the Assessing Officer to delete the addition of credit card expenses as a perquisite in the hands of the assessee for the assessment year 2006-07. The decision emphasized the importance of consistency in tax assessments, the requirement of establishing a clear link between expenses and income, reliance on legal precedents, and the necessity of concrete evidence to support tax assessments. en-us Tue, 31 Jul 2018 00:00:00 +0530 Tue, 18 Jun 2019 21:30:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281424 The ITAT allowed the appeal and directed the Assessing Officer to delete the addition of credit card expenses as a perquisite in the hands of the assessee for the assessment year 2006-07. The decision emphasized the importance of consistency in tax assessments, the requirement of establishing a clear link between expenses and income, reliance on legal precedents, and the necessity of concrete evidence to support tax assessments. Case-Laws Income Tax Tue, 31 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281424