Authority: Supreme Court of India

Order Date: 18 September 2026

Case Overview

  • Parties: Income Tax Department (Appellant) vs ILC Industries Ltd & Ors (Respondents).
  • Origin: Appeal arising from the impugned final judgment and order dated 27‑06‑2024 in TAAT No. 194/2021 passed by the National Company Law Appellate Tribunal, Chennai.
  • Procedural History: The petitioners sought to challenge the TAAT order; an application for condonation of delay in filing (IA No. 271448/2026) was also pending.
  • Court Composition: Hon’ble Mr. Justice Aravind Kumar and Hon’ble Mr. Justice Vipul M. Pancholi.
  • Counsel: For the Income Tax Department – Mr. S. Dwarkanath (ASG), Mr. Sudarshan Lamba (AOR), Mr. Karan Lahiri, and a team of advocates. For the respondents – counsel not listed.

Final Outcome

  • The Supreme Court dismissed the civil appeal on the ground of inordinate delay, as recorded in the signed order placed on the file.
  • All pending applications, including the condonation of delay application (IA No. 271448/2026), were ordered to stand disposed of.

Topics: Tax Litigation, Supreme Court Decision