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![Advance received for Car Booking without Invoice cannot be treated as Unexplained Cash Credit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Car-Booking-Taxscan.jpg "Advance received for Car Booking without Invoice cannot be treated as Unexplained Cash Credit: ITAT [Read Order]")
Advance received for Car Booking without Invoice cannot be treated as Unexplained Cash Credit: ITAT [Read Order]
A division bench of the Kolkata ITAT, recently ruled that the advance amount received by a car dealer for booking by customers without invoice cannot...