Taxpayer's Credit Card Charges Removed to Prevent Double Taxation of Income Source and Expenditure.

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....Additions towards Credit card expenditure - when the income of the assessee has been taxed, he has the source of such expenditure available and therefore, making the addition of the above sum once again, is taxing sources and application of income both, and also amounts to double addition in the hands of the assessee. - Additions deleted - AT....