Supreme Court Condonates Delay for I.G. Petrochemicals

Authority: Supreme Court of India

Order Date: 24-08-2026

Case Overview

• Petitioner: The Pr. Commissioner of Income Tax Central
• Respondent: M/S I.G. Petrochemicals Limited
• Proceeding: Special Leave Petition (Civil) Diary No. 46065/2026, arising from the impugned final judgment and order dated 12‑11‑2025 in ITA No. 80/2025 of the High Court of Karnataka, Bengaluru.
• Specific Application: IA No. 245262/2026 – request for condonation of delay in filing the income‑tax appeal.
• Hearing Date: 24‑08‑2026 before Hon’ble Mrs. Justice B.V. Nagarathna and Hon’ble Mr. Justice R. Mahadevan.
• Counsel for Petitioner: Mr. N Venkatraman (A.S.G.), Mr. Sudarshan Lamba (AOR), Mr. V Chandrashekhara Bharathi, Mr. Kartikay Aggarwal, Ms. Mrigna Shekhar, Mr. Raghwendra Tiwari.
• Counsel for Respondent: Mr. S. Ganesh (Sr. Adv.), Mr. K. V. Mohan (AOR), Mr. R. K. Raghavan, Mr. K. V. Balakrishnan, Mr. Devesh Khanduri.

Order Details

1. Delay in filing the appeal is condoned.

2. The Court directs that a notice be issued to the respondent (I.G. Petrochemicals Ltd.).

3. Advocate‑on‑Record K.V. Mohan accepts the order (recorded as “accepts”).

Final Outcome

• The Supreme Court formally condoned the procedural delay, allowing the appeal to proceed; a notice will be served on I.G. Petrochemicals, and the Advocate‑on‑Record’s acceptance is recorded.

Topics: Tax Litigation, Court Order