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2018 (12) TMI 186 - AT - Income TaxTrading addition - net profit rate of 5% applied by the AO while estimating the profit of the assessee from extra ordinary sales - Held that:- In support of contention, assessee has filed the details of gross profit rate and net profit rate declared by the assessee for the immediately preceding three years as well as immediately succeeding two years. It is, however, observed that the CIT(A) has not decided this issue on merit vide his impugned order passed ex parte. It is also observed that written submission was filed by the assessee during the course of appellate proceedings before the CIT(A) as mentioned by the CIT(A) himself in paragraphs 2 of his impugned order. CIT(A) has not taken the same into consideration while disposing of the appeal of the assessee and there is no decision rendered by him on the merit of the issue involved in this case. Therefore, consider it fair & proper and in the interest of justice to set aside the impugned order of the CIT(A) passed ex parte and remand the matter back to him for disposing of the appeal of the assessee afresh after giving the assessee one more opportunity of being heard. Appeal of the assessee is treated as allowed for statistical purpose.
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