FORUM SALES PVT. LTD., VS. DCIT, CENTRAL CIRCLE-07
Case No: ITA Nos. 6374 & 6375/Del/2025
Court: INCOME TAX APPELLATE TRIBUNAL (DELHI BENCH ‘A’ : NEW DELHI)
Date: 1/21/2026
Parties Involved
appellantFORUM SALES PVT. LTD.
respondentDCIT, CENTRAL CIRCLE-07
Facts Summary
The assessee, FORUM SALES PVT. LTD., filed its return of income on 24.7.2015 declaring income of Rs. 75,88,078/-. The case was assessed u/s. 143(3) of the Income Tax Act, 1961, vide order dated 27.12.2016 at income of Rs. 7,43,36,920/-. The Assessing Officer made an addition of Rs. 83,85,628/- on account of unaccounted profit earned on transactions with M/s Bajrang Traders and Gurunanak Enterprises. Aggrieved by this, the assessee preferred an appeal before the CIT(A), who confirmed the addition…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the addition made by the Assessing Officer was justified?
- 2. Whether the common approval granted u/s. 153D of the Act was correctly applied?
Precedents Relied Upon
1 precedent cited in this judgement.