SC Adjourns Tax Condonation, Atlantic Global Shipping

Authority: Supreme Court of India

Order Date: 21-09-2026

Case Overview

• Petitioner: Assistant Commissioner of Income Tax (Income Tax Department)
• Respondent: M/s Atlantic Global Shipping Pvt. Ltd.
• Nature of Proceeding: Special Leave Petition (Civil) seeking condonation of delay in filing Income Tax assessment applications (IA No. 165900/2026 and IA No. 171601/2026).
• Origin: The petition arises from an impugned final judgment and order dated 15‑10‑2025 passed by the High Court of Gujarat at Ahmedabad in TA No. 688/2024.
• Counsel for Petitioner: N. Venkataraman (A.S.G.), Raghavendra P. Shankar (A.S.G.), Sudarshan Lamba (AOR), V. Chandrashekhara Bharathi (Adv.), Siddharth Praveen Acharya (Adv.), Krishna Kant Dubey (Adv.).
• Counsel for Respondent: Prakash Kumar (Adv.), Rahul Gupta (AOR).
• Court Composition: Hon'ble Mr. Justice Pamidighantam Sri Narasimha and Hon'ble Mr. Justice Alok Aradhe.
• Key Issue: Whether the delay in filing the specified income‑tax applications should be condoned.

Final Outcome

• The Court, after hearing counsel, adjourned the matter to 02‑11‑2026 to allow the respondent to file a counter‑affidavit as sought by the respondent’s counsel.
• The order was digitally signed by Court Master (SH) Assistant Registrar Kapil Tandon on 21‑09‑2026 at 17:54:07 IST.

Topics: Tax Law, Shipping Industry