AO failed to follow directions by ITAT to estimate net profit: Calcutta HC directs to calculate profit estimated in its entirety [Read Order]

AO - ITAT - Calcutta - HC - TAXSCAN

The Calcutta High Court (HC) directed AO to calculate the profit estimated in its entirety when AO failed to follow the direction by ITAT to estimate net profit. Calcutta Urology Research Centre Pvt. Ltd the assessee challengedthe order passed by the Commissioner of Income Tax (Appeals), Kolkata [CIT(A)] dated 28th March 2013 contending that the…

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