Case Details

  • Case name: Special Leave Petition (Civil) Diary No. 41196/2025, arising out of impugned judgment dated 25‑11‑2024 in SCA No. 3700/2022.
  • Petitioners: Assistant Commissioner of Income Tax Circle 1(1)(1).
  • Respondent: Rajratna Stockholdings Pvt. Ltd.
  • Court: Supreme Court of India.
  • Hearing date: 15‑05‑2026.
  • Relevant IA numbers (condonation of delay in filing): 190116/2025, 196003/2025, 245764/2025, 325279/2025, 7285/2026, 31280/2026, 2185/2026, 67544/2026.

Parties Involved

  • Petitioner counsel: Mr. S Dwarkanath (ASG), Mr. Arijit Prasad, Sr. Adv., Mr. Abhyudey Kabra, Adv., Mr. Rajat Vaishnaw, Adv., Mr. Mudit Bansal, Adv., Mr. S. Vijay Adithya, Adv., Mr. Deepak Kumar, Adv., Mr. Ankit Singh, Adv., Ms. Neelakshi Bhadauria, Adv., Mr. Pratyush Srivastava, Adv., Mr. Ashok Kumar B, Adv., Mr. Sudarshan Lamba, AOR, Miss Madhulika Upadhyay, AOR.
  • Respondent counsel: Mr. Malak Manish Bhatt, AOR; Ms. Chhavi Tokas, Adv.
  • Bench: Chief Justice of India and Justice Joymalya Bagchi.

Issues / Allegations / Violations

  • Petition seeks condonation of delay in filing of multiple Income Tax Assessments (IA Nos listed) for Rajratna Stockholdings.
  • Revenue ASG submitted that these matters are not connected to earlier orders dated 10‑04‑2026 (C.A. No. 4716/2026) and 04‑05‑2026 (C.A. No. 6922/2026).

Findings & Observations

  • The Court accepted the Revenue’s submission that the present matters are distinct from the earlier orders.

Penalties / Settlements / Directions

  • The Court ordered that the pending IA condonation applications be listed after obtaining administrative directions from the Chief Justice of India.

Corrective Actions & Future Obligations

  • No specific corrective actions were stipulated beyond the listing directive.

Final Ruling & Enforcement

  • Order issued by the Supreme Court on 15‑05‑2026 directing administrative listing of the matters; no further enforcement actions detailed.