Authority: High Court of Judicature at Bombay
Order Date: 8 October 2026
Case Overview
- Parties: The Principal Commissioner of Income Tax (Central), Pune (Appellant) vs. Innoventive Industries Limited (Respondent).
- The proceedings involved Income Tax Appeal No. 1366 of 2018 and Income Tax Appeal No. 294 of 2018, together with Interim Applications (L) No. 22521 of 2024 and (L) No. 22698 of 2024.
- Respondent’s counsel submitted a copy of the National Company Law Tribunal (NCLT) judgment dated 10 August 2026, marked “X”, confirming that Innoventive Industries Limited had been dissolved.
- Appellant’s counsel stated no instructions to dispute the respondent’s submission.
Final Outcome
- The Court found no cogent reason to reject the respondent’s submission and held that the dissolution of Innoventive Industries Limited rendered the tax appeals infructuous.
- Accordingly, Income Tax Appeals No. 1366 of 2018 and No. 294 of 2018, as well as any pending interim applications, were ordered disposed of.
Topics: Tax Litigation, Corporate Dissolution, Court Orders