AO needs to apply net profit rate as ordered by Tribunal

Re.: Calcutta Urology Research Centre Pvt. Ltd. Vs CIT (Calcutta High Court) Calcutta High Court directed the assessing officer to apply the net profit rate as ordered by the Tribunal to the entire receipts i.e. disclosed and undisclosed. Facts- The assessee was on appeal against the order passed by the Commissioner of Income Tax (Appeals), Kolkata [CIT(A)] dated 28th March, 2013 contending that the CIT(A) erred in law in confirming the Assessing Officer’s order in estimating the assessee’s profit. Once he has made an addition as per seized documents and no evidence or document having been...