ASSISTANT COMMISSIONER OF INCOME TAX vs PRAKASH INDUSTRIES LIMITED — SLP(C) No.(Verified On 10-4-2026)

Case under Direct Taxation : Income Tax Act, 1961, Wealth Tax Act, 1957, Gift Tax Act, 1958, Excess Profits Tax Act, 1940, Business Profit Tax Act, 1947 [Other Than Matters Covered by Categories 1602-1605] Section I-B. Status: Disposed.

Disposed

CNR: SCIN010148352026

Filing Date

11-Mar-2026

Registration No

SLP(C) No.(Verified On 10-4-2026)

Diary Number

14835/2026

Order Date

17-Apr-2026

Document Type

ROP - of Main Case

Disposal Type

Dismissed on ground of delay

Last updated 25-May-2026

Acts & Sections

Direct Taxation : Income Tax Act, 1961, Wealth Tax Act, 1957, Gift Tax Act, 1958, Excess Profits Tax Act, 1940, Business Profit Tax Act, 1947 [other than matters covered by categories 1602-1605] Section I-B

Petitioner(s)

  1. 1.ASSISTANT COMMISSIONER OF INCOME TAX

    Adv. SUDARSHAN LAMBA

Respondent(s)

  1. 1.PRAKASH INDUSTRIES LIMITED

Case History

  1. Case disposedDisposed

  2. 17-Apr-2026

    ROP - of Main CaseView PDF

  3. 17-Apr-2026

    Fresh

    Hon'ble Mr. Justice J.B. Pardiwala and Hon'ble Mr. Justice Vijay Bishnoi

  4. 11-Mar-2026

    Case filed

    Registration No. SLP(C) No.(Verified On 10-4-2026)

View Full Judgment
casestatus.in Summary

Case Summary: SLP(C) No. 14835/2026 The Supreme Court dismissed the Special Leave Petition filed by the Assistant Commissioner of Income Tax against Prakash Industries Limited on 17-04-2026. The Court found a gross delay of 329 days in filing the petition that was not satisfactorily explained, and additionally found no merit in the petition to interfere with the High Court of Delhi's impugned order dated 16-01-2025. All pending applications stand disposed of. This case analysis is maintained by casestatus.in based on publicly available court records.

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