M/s J. R. Modi Associates Ltd. vs DCIT, Circle-13(1), Surender Modi vs DCIT, Central Circle-16
Case No: ITA No. 7728/Del/2019, ITA No. 6866/Del/2019, ITA No. 7489/Del/2019
Court: Income Tax Appellate Tribunal, Delhi Bench ‘F’, New Delhi
Bench: Delhi Bench ‘F’, New Delhi
Date: 2/19/2026
Parties Involved
appellantM/s J. R. Modi Associates Ltd.
respondentDCIT, Circle-13(1)
appellantSurender Modi
respondentDCIT, Central Circle-16
Facts Summary
The instant batch of three cases involving the twin assessees M/s J. R. Modi Associates Ltd. and Sh. Surender Modi arise against CIT(A)-31, New Delhi (A.Y. 2012-13) and CIT(A)-5, New Delhi (A.Y. 2014-15) orders dated 18.06.2019, 31.07.2019 & 06.08.2019, in case Nos. 304/17-18/22/15-16, Del/CIT (A)-5/0440/2016-17 & 305/17-18/26/15-16, in proceedings u/s 143(3) of the Income Tax Act, 1961.…
Decision in favour of
Assessee
Legal Issues
- 1. Cessation of liability addition under section 41(1)
- 2. Unexplained cash credits
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
1 precedent cited in this judgement.