2025 (12) TMI 531

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....umar, Sr. DR ORDER PER SATBEER SINGH GODARA, JM: This assessee's appeal ITA no. 6719/Del/2025 for assessment year 2017-18 arises against CIT(A)/JCIT(A)-5, Kolkata's order dated 08.10.2025 (DIN & Order No. ITBA/APL/S/250/2025-26/1081555848(1), in proceedings u/s 143(3) of the Income-tax Act, 1961, hereinafter referred to as the 'Act'. Heard both the parties at length. Case file perused. ....

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.... of Rs. 22.37 lakhs as "unexplained". There could be hardly any dispute that assessee has already suffered net profits estimation from 4% to 5% hereinabove. That being the case, the reasonable inference which could prima facie be drawn is that the same per se formed part of his business turnover although not specifically reconciled or verified by both the lower authorities. Faced with this situati....