Income Tax vs Atlantic Shipping: Notice Issued

Authority: Supreme Court of India

Order Date: 15-07-2026

Case Overview

• Petitioner: Assistant Commissioner of Income Tax (IA No. 165900/2026 & IA No. 171601/2026 – both seeking condonation of delay in filing).
• Respondent: M/S Atlantic Global Shipping Pvt. Ltd.
• Origin: Special Leave Petition (Civil) Diary No. 25162/2026 arising from the impugned final judgment and order dated 15-10-2025 passed by the High Court of Gujarat at Ahmedabad in TA No. 688/2024.
• Background: The High Court had granted condonation of delay in filing for the respondent; the Income Tax Department challenged this decision before the Supreme Court.
• Hearing Details: The matter was called for hearing on 15-07-2026 before a bench comprising Hon'ble Mr. Justice Pamidighantam Sri Narasimha and Hon'ble Mr. Justice Alok Aradhe.
• Counsel for Petitioner: Mr. N Venkataraman (A.S.G.), Mr. Raghavendra P Shankar (A.S.G.), Mr. Sudarshan Lamba (AOR), Mr. V Chandrashekhara Bharathi (Adv.), Mr. Siddharth Praveen Acharya (Adv.), Mr. Krishna Kant Dubey (Adv.).
• Counsel for Respondent: Not listed in the record.

Final Outcome

• The Court issued an order directing that a notice be issued to the respondent, with the matter returnable on 21.09.2026.
• The order was signed by the Assistant Registrar-cum-PS, Jayant Kumar Arora, and Nidhi Wason, Assistant Registrar.

Topics: Tax Litigation, Shipping Industry