Reasoned justice prevails: ITAT Mumbai sets aside CIT(A)‘s Non Speaking Order

Rahul Madhav Goswami Vs DCIT (ITAT Mumbai) Case Summary: The case stems from an assessment order passed by the Assessing Officer for the AY 2022-23, wherein the assessee’s return of income was selected for scrutiny resulting in various additions made by the AO. While passing the assessment order, the Assessing Officer also recorded findings treating purchases amounting to Rs. 89.44 crore as unexplained expenditure under Section 69C and cash credits of Rs. 15.01 lakh as unexplained under Section 68 of the Income Tax Act, 1961. However, the same was not added to the computation of taxable inco...