Credit card exp. can’t be allowed as deduction if Co. failed to prove that same was incurred for business purpose: HC

INCOME TAX : Where directors of assessee-company were unable to adduce evidence that credit card expenses had been incurred for business purpose of assessee-company, same could not be allowed as deduction under section 37(1)

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000315955/credit-card-exp-can’t-be-allowed-as-deduction-if-co-failed-to-prove-that-same-was-incurred-for-business-purpose-hc.aspx