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ITAT clears Mumbai man after Rs 13 lakh cash credit card payment tax notice
Economy
Published on 4 May 2026
Cash for a credit card bill became a legal fight
A Mumbai man received a tax notice after paying his credit card bill using Rs 13 lakh in cash. He told the Income Tax Appellate Tribunal (ITAT) that the funds came from gifts from his wife, father and mother. ITAT accepted his explanation for a large part and partially deleted the unexplained cash addition.
- Tax notice followed Rs 13 lakh cash used for a credit card bill
- Assessee claimed the money was family gifts from close relatives
- ITAT Mumbai accepted much of the explanation
- Unexplained addition was partially deleted
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times