Authority: Supreme Court of India
Order Date: 10 August 2026
Case Overview
- Special Leave Petition (Civil) Diary No. 14845/2026 filed by the Principal Commissioner of Income Tax‑23, Mumbai against M/S KBA Loan Trust, arising from the impugned final judgment and order dated 05‑02‑2025 in ITXA No. 2269/2018 of the High Court of Bombay.
- The petition sought condonation of delay in filing Income‑Tax Appeal (IA) No. 175190/2026 and condonation of delay in refiling/curing defects in IA No. 175193/2026.
- Hearing was held on 10‑08‑2026 before a bench of Hon’ble Mr. Justice J.B. Pardiwala and Hon’ble Mr. Justice K. Vinod Chandran, with counsel for the petitioner (Mr. N Venkataraman, A.S.G.; Mr. Sudarshan Lamba, AOR; Mr. V C Bharathi; Adv. Mr. Devraj Bhattacharya; Adv. Ms. Medha Pushkarna; Adv. Mrs. Sunita Sharma) and no counsel listed for the respondent.
Order
1. Delay in filing IA No. 175190/2026 and in refiling IA No. 175193/2026 is condoned.
2. Leave is granted to the petitioner.
3. The matter is tagged with Civil Appeal No. 7044/2026 for further adjudication.
Final Outcome
The Supreme Court condoned the procedural delays, granted leave to the Principal Commissioner of Income Tax‑23, Mumbai, and directed that the case proceed as Civil Appeal No. 7044/2026.
Topics: Tax Litigation, Supreme Court Order