₹1.38 Cr Unaccounted Profit Addition Remanded Due to Non-Speaking Appellate Order

Forum Sales Pvt. Ltd. Vs DCIT (ITAT Delhi) The Income Tax Appellate Tribunal, Delhi Bench, dealt with two appeals relating to assessment years 2013–14 and 2014–15 arising from orders passed by the National Faceless Appeal Centre. Since identical issues were involved, assessment year 2013–14 was treated as the lead case. The assessee had filed its return under section 153A declaring income of ₹75.88 lakh, while the assessment under section 143(3) resulted in income of ₹7.43 crore, including an addition for alleged unaccounted profit from transactions with two parties. This addition wa...