The Revenue alleged that Lalit Kumar Modi had made illicit use of multiple credit cards that were registered in the names of his relatives and friends
The Income Tax Appellate Tribunal ( ITAT ), Delhi, recently confirmed income tax additions made by an Assessing Officer on prominent business personality Lalit Kumar Modi, alleging undisclosed foreign credit card expenses. The ITAT rendered the decision while jointly disposing of two Income Tax Appeals – one filed by Lalit Kumar Modi against the Deputy…
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