ITAT Mumbai remands appeal for verification of income discrepancies from AIR data 

BLR Logistiks (India) Ltd. Vs DCIT (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT) Mumbai recently addressed the appeal of BLR Logistiks (India) Ltd. concerning an order from the Additional/Joint Commissioner of Income Tax (JCIT) dated June 21, 2024, regarding the assessment year 2015-16. The core issue arose from the Assessing Officer’s (AO) addition of ₹4,47,874, calculated as 18% of ₹24,88,188, which was not reflected in the appellant’s receipts according to Annual Information Return (AIR) data. The company, which operates in transportation and logistics, reported a t...