Case Details

  • Case Name: Commissioner of Income Tax vs Indian Overseas Bank (Special Leave to Appeal (C) No. 19164/2026)
  • Court: Supreme Court of India
  • Order Date: 05‑06‑2026
  • Section: XII (Income Tax Act)
  • IA No.: 171733/2026
  • Period of dispute/violation: Not specified in the order

Parties Involved

  • Petitioner: Commissioner of Income Tax (representing the Income Tax Department)
  • Respondent: Indian Overseas Bank
  • Counsel for Petitioner:
  • Mr. N Venkataraman, ASG
  • Mr. Sudarshan Lamba, AOR
  • Mr. V Chandrashekhara Bharathi, Adv.
  • Mr. Amit Sharma B, Adv.
  • Mr. Digvijay Dam, Adv.
  • Mrs. Anamika Aggarwal, Adv.
  • Mr. Arun Kumar Singh, Adv.
  • Bench: Hon'ble Mr. Justice Pamidighantam, Hon'ble Mr. Justice Aravind Kumar (Partial Court Working Days Bench)
  • Court Master (Assistant Registrar): Kapil Tandon (digitally signed the order)

Issues / Allegations / Violations

  • The petition seeks condonation of delay in filing the Income Tax Assessment (IA No. 171733/2026) under Section XII of the Income Tax Act.
  • No substantive tax assessment details, amounts, or alleged violations are disclosed in the order.

Findings & Observations

  • The Court noted the procedural nature of the petition and listed the matter alongside C.A. No. 2465 of 2021.
  • An order was issued to admit the petition for condonation of delay; no merit-based findings were rendered.

Penalties / Settlements / Directions

  • No monetary penalties or settlements were imposed.
  • The Court directed that the petition be entertained for condonation of delay, allowing the filing of the assessment after the granted relief.

Corrective Actions & Future Obligations

  • The petitioner (Commissioner of Income Tax) must comply with any further procedural requirements as directed by the Court.
  • The respondent (Indian Overseas Bank) is expected to respond to the assessment proceedings once the condonation is granted.

Final Ruling & Enforcement

  • The Supreme Court admitted the petition for condonation of delay and ordered its listing with the referenced C.A. No. 2465 of 2021.
  • The order was signed by Justices Pamidighantam and Aravind Kumar on 05‑06‑2026.
  • No further enforcement actions were stipulated; the case will proceed to subsequent hearings on the merits of the tax assessment.