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Showing contexts for: turnover decrease in Ncba Exports Pvt. Ltd., Kolkata vs I.T.O., Ward - 11(2), Kolkata, Kolkata on 14 June, 2023Matching Fragments
2. The grounds of appeal raised by the assessee read as under:-
(1) For that on the facts and in the circumstances of the case, the Ld. CIT(A) was not justified in passing the order ex-parte without providing proper opportunity of (2) For that on the facts and in the circumstances of the case, the Ld. CIT(A) grossly erred in confirming the addition of Rs.4,03,349/- made by the A.O. on account of alleged reduction in net profit inspite of substantial decreased turnover by invoking the provisions of sec. 145(3) of the Act.