Supreme Court Condones Delay for Ambalal Enterprise

Authority: Supreme Court of India

Order Date: 01 Oct 2026

Case Overview

• Petition filed by the Principal Commissioner of Income Tax 1 seeking condonation of delay in filing Admission and I.R. IA No. 286031/2026 against Ambalal Sarabhai Enterprise Ltd.
• The petition arises from an impugned final judgment and order dated 12 March 2026 in TA No. 113/2023 passed by the High Court of Gujarat at Ahmedabad.
• Hearing was conducted on 30 September 2026 before Hon’ble Justices J.B. Pardiwala and K. Vinod Chandran.
• Counsel for the petitioner included S. Dwarakanath, A.S.G.; Sudarshan Lamba, AOR; Shubhankar Singh, Adv.; Rajat Vaishnaw, Adv.; Aashna Gill, Adv.; Ananya Ghosh, Adv.

Final Outcome

• The Court ordered that the delay in filing be condoned.
• The Court directed that a notice be issued, which must be returned within eight weeks.

Topics: Taxation, Legal Proceedings