2018 (12) TMI 186

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.... This appeal filed by the assessee is directed against the order of Ld. CIT (Appeals) , 15, Kolkata dated 02-02-2018, whereby he confirmed the trading addition of Rs. 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 ....

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....plied the net profit rate of 5% and estimated the profit of the assessee from the extra ordinary sales at Rs. 27,75,637/- against profit of Rs. 4,63,492/- shown by the assessee. Accordingly, the difference of Rs. 23,12,145/- (Rs. 27,75,637 - Rs. 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 ord....

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....rdinary sales 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 obser....