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Kolkata ITAT: Credit-Card Disallowance Cut to ₹50,000; ₹16.78 Lakh Business Expense Not Entirely Personal

17 Aug 2026 · 17 Aug 2026By CA Vijayakumar Shetty

Kolkata ITAT restricted the ₹16.78 lakh credit-card expense disallowance to ₹50,000, allowing the balance as business expenditure under Section 37(1). The post Kolkata ITAT: Credit-Card Disallowance Cut to ₹50,000; ₹16.78 Lakh Business Expense Not Entirely Personal appeared first on TaxGuru .

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