Modi Home Products Limited vs. Income Tax Officer
Case No: ITA No. 5315/MUM/2025
Court: Income Tax Appellate Tribunal, Mumbai Bench ‘B’
Date: 1/19/2026
Parties Involved
appellantModi Home Products Limited
respondentIncome Tax Officer, Ward 5(2)(3), Mumbai
Facts Summary
The assessee, Modi Home Products Limited, filed its return of income for the year 2014-15 declaring nil income. The return was selected for scrutiny, and the assessment was completed on 26.12.2016 under section 143(3) of the Income-tax Act, 1961. The Assessing Officer made various additions and disallowances, including disallowance of bad debt written off amounting to ₹6,17,138/- and ad-hoc disallowance of various expenses aggregating to ₹14,24,482/-. On appeal, the learned Commissioner of Incom…
Decision in favour of
Assessee
Legal Issues
- 1. Erroneous addition by the Assessing Officer
- 2. Disallowance of Rs. 61,17,138/- on account of bad debt written off
1 more legal issue analysed in this judgement.
Precedents Relied Upon
3 precedents cited in this judgement.