Karur Vysya Bank Tax Appeals Withdrawn

Authority: Supreme Court Special Lok Adalat

Order Date: 23-08-2026

Case Overview

• Parties: Appellant – Karur Vysya Bank Ltd; Respondent – Commissioner of Income Tax (I).
• Appeals: Civil Appeal Nos. 140, 141, and 142 of 2015 filed by the bank challenging tax assessments.
• Forum: Proceedings before the Supreme Court Special Lok Adalat, Court No.6, Section XII‑B.
• Counsel: Petitioners represented by senior advocates including Justice Ahsanuddin Amanullah, Justice Manmohan, Senior Advocate Aparajita Singh, and Advocate Dhruv Sharma among others.
• Nature: Tax dispute concerning assessments made by the Income Tax Department, pursued through civil appeals.

Final Outcome

• The parties reached a settlement during the proceedings.
• The appellant’s counsel agreed to unconditionally withdraw all three appeals.
• The Court recorded the settlement, stating it supersedes any earlier settlement or agreement between the parties.
• The Court directed that any court fee paid, if applicable, be refunded as per the Rules.

Topics: Settlement, Tax Dispute, Banking