Supreme Court Dismisses Laqshya Media SLP

Authority: Supreme Court of India

Order Date: 06-10-2026

Case Overview

• Petitioners: Assistant/Deputy Commissioner of Income Tax & Ors.
• Respondent: Laqshya Media Limited.
• Origin: Special Leave Petition (Civil) Diary No. 53761/2026 arising from impugned final judgment dated 23-03-2026 of the Bombay High Court (WP No. 477/2026).
• Application: IA No. 298916/2026 seeking condonation of delay in filing the petition.
• Hearing Date: 05-10-2026 before Hon'ble Justices Ujjal Bhuyan and Atul S. Chandurkar.
• Counsel for Petitioners: Mr. S Dwarakanath, A.S.G.; Mr. Sudarshan Lamba; Mr. Som Raj Choudhary; Adv. Kartikay Aggarwal; Adv. Harsh Nithin Gokhle; Adv. Adarsh Kumar Pandey.
• Counsel for Respondent: Ms. Charanya Lakshmi Kumaran; Ms/Mr. Nitin Jain; Adv. Swastik Mishtra; Adv. Ravi Sharma; Adv. Neha Sharma; Adv. Adhithya Nair; Adv. Ananya Gupta.

Order Details

1. Delay in filing the petition is condoned.

2. The Court finds no good ground to entertain the Special Leave Petition.

3. Consequently, the Special Leave Petition is dismissed.

4. Any pending applications, if existent, are ordered to stand disposed of.

Final Outcome

• The Supreme Court condoned the procedural delay but dismissed the petition, effectively upholding the lower court's order and closing the matter, with all ancillary applications terminated.

Topics: Tax Litigation, Media Company