TMI Blog2018 (12) TMI 186X X X X Extracts X X X X X X X X Extracts X X X X ..... ing 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 n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... order of Ld. CIT (Appeals) , 15, Kolkata dated 02-02-2018, whereby he confirmed the trading addition of ₹ 23,12,145/- made by the AO. 2. The assesse in the present case is a company, which is engaged in contracting business. The return of income for the year under consideration was filed by it on 30-09-2012 declaring total income of ₹ 14,41,760/-. During the course of assessment ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f 5% and estimated the profit of the assessee from the extra ordinary sales at ₹ 27,75,637/- against profit of ₹ 4,63,492/- shown by the assessee. Accordingly, the difference of ₹ 23,12,145/- (Rs. 27,75,637 ₹ 4,63,492) was added by him to the total income of the assessee in the assessment completed u/s. 143(3) vide an order dt. 31-03-2015. 3. Against the order passed b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es is highly excessive and un reasonable. In support of this contention, he 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 ld. CIT(A) has not decided this issue on merit vide his impugned order passed ex parte. It is also observed that wr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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